Life360 (NASDAQ:LIF) Price Target Increased to $50.00 by Analysts at Stifel Nicolaus

Life360 (NASDAQ:LIF - Free Report) had its price target lifted by Stifel Nicolaus from $40.00 to $50.00 in a research report released on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on LIF. UBS Group boosted their target price on Life360 from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, August 9th. Jefferies Financial Group began coverage on shares of Life360 in a research note on Friday, August 9th. They set a "buy" rating and a $43.00 target price on the stock. Loop Capital lifted their price target on Life360 from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Finally, JMP Securities increased their price target on Life360 from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Life360 currently has an average rating of "Buy" and a consensus target price of $41.00.

Life360 Price Performance

LIF traded up $1.11 on Monday, reaching $43.93. 147,239 shares of the company traded hands, compared to its average volume of 248,615. Life360 has a one year low of $26.00 and a one year high of $46.12. The firm has a fifty day moving average price of $39.43.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. The firm had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. On average, equities analysts anticipate that Life360 will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at Life360

In other news, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the sale, the director now owns 106,742 shares of the company's stock, valued at approximately $3,463,777.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director James Synge sold 3,471 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the transaction, the director now owns 67,102 shares of the company's stock, valued at approximately $2,505,588.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the sale, the director now directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,088 shares of company stock worth $2,672,781 in the last quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Regal Partners Ltd purchased a new stake in Life360 during the 2nd quarter worth approximately $23,635,000. XY Capital Ltd purchased a new stake in shares of Life360 during the second quarter worth $205,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Life360 in the second quarter valued at $5,488,000. Emerald Advisers LLC purchased a new position in Life360 in the second quarter valued at $6,777,000. Finally, Point72 DIFC Ltd acquired a new position in Life360 during the 2nd quarter worth $43,000.

About Life360

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.