Life360 (NASDAQ:LIF) Upgraded to Buy at UBS Group

UBS Group upgraded shares of Life360 (NASDAQ:LIF - Free Report) from a neutral rating to a buy rating in a research report report published on Friday morning, Marketbeat reports. UBS Group currently has $55.00 price objective on the stock, up from their prior price objective of $52.00.

Other equities analysts also recently issued reports about the stock. Canaccord Genuity Group upped their target price on shares of Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. JMP Securities raised their price objective on Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus upped their target price on Life360 from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $47.63.

Life360 Trading Up 6.9 %

Shares of NASDAQ LIF traded up $2.80 during mid-day trading on Friday, reaching $43.37. The company had a trading volume of 218,400 shares, compared to its average volume of 218,436. Life360 has a 52 week low of $26.00 and a 52 week high of $52.76. The business's 50-day moving average is $44.01 and its 200-day moving average is $39.75.

Insider Buying and Selling at Life360

In related news, Director John Philip Coghlan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total transaction of $415,000.00. Following the completion of the sale, the director now owns 41,628 shares of the company's stock, valued at $1,727,562. This represents a 19.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Chris Hulls sold 556,569 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the sale, the chief executive officer now owns 952,696 shares of the company's stock, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,881 shares of company stock valued at $26,117,045.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently made changes to their positions in LIF. Wealthstream Advisors Inc. purchased a new position in Life360 during the 3rd quarter worth $35,538,000. Millennium Management LLC purchased a new stake in shares of Life360 during the second quarter worth about $11,861,000. Ghisallo Capital Management LLC acquired a new position in shares of Life360 during the second quarter valued at about $8,098,000. Lord Abbett & CO. LLC purchased a new position in shares of Life360 in the 3rd quarter valued at approximately $7,995,000. Finally, Geode Capital Management LLC acquired a new stake in Life360 in the 3rd quarter worth approximately $5,134,000. Hedge funds and other institutional investors own 20.00% of the company's stock.

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.