Life360, Inc. (NASDAQ:LIF) Short Interest Update

Life360, Inc. (NASDAQ:LIF - Get Free Report) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 772,600 shares, a decrease of 17.4% from the January 15th total of 935,200 shares. Approximately 1.2% of the company's stock are short sold. Based on an average daily volume of 405,200 shares, the days-to-cover ratio is currently 1.9 days.

Insider Transactions at Life360

In other Life360 news, Director Mark Goines sold 10,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.89, for a total value of $438,900.00. Following the transaction, the director now directly owns 66,272 shares of the company's stock, valued at approximately $2,908,678.08. This trade represents a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $41.41, for a total transaction of $128,536.64. Following the sale, the chief financial officer now directly owns 154,962 shares of the company's stock, valued at approximately $6,416,976.42. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,520 shares of company stock valued at $3,156,283 in the last 90 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new stake in shares of Life360 during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. grew its stake in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after acquiring an additional 484 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Life360 in the 3rd quarter worth approximately $98,000. MetLife Investment Management LLC bought a new position in Life360 in the 3rd quarter valued at $139,000. Finally, KBC Group NV purchased a new stake in shares of Life360 in the fourth quarter worth $147,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LIF has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, October 28th. UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Canaccord Genuity Group increased their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Finally, JMP Securities upped their target price on Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a report on Thursday, November 14th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $47.63.

Life360 Price Performance

NASDAQ LIF traded up $0.84 during trading on Wednesday, hitting $47.92. 342,018 shares of the company's stock traded hands, compared to its average volume of 210,872. The business has a 50 day moving average of $43.87 and a 200-day moving average of $41.97. Life360 has a 12-month low of $26.00 and a 12-month high of $52.76.

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.