Life360, Inc. (NASDAQ:LIF) Given Consensus Recommendation of “Buy” by Analysts

Shares of Life360, Inc. (NASDAQ:LIF) have received a consensus rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $47.00.

A number of analysts recently issued reports on LIF shares. JMP Securities raised their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. UBS Group raised their target price on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Canaccord Genuity Group increased their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd.

Life360 Stock Performance

Shares of LIF opened at $42.75 on Monday. The company’s fifty day moving average is $44.41 and its 200 day moving average is $39.52. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Insiders Place Their Bets

In related news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $41.41, for a total value of $128,536.64. Following the completion of the transaction, the chief financial officer now directly owns 154,962 shares of the company’s stock, valued at $6,416,976.42. This trade represents a 1.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Chris Hulls sold 556,569 shares of the company’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 transaction, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. The trade was a 36.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 632,777 shares of company stock valued at $25,984,380.

Hedge Funds Weigh In On Life360

Several hedge funds and other institutional investors have recently bought and sold shares of LIF. Point72 DIFC Ltd purchased a new position in shares of Life360 during the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets acquired a new stake in Life360 during the third quarter worth about $98,000. MetLife Investment Management LLC purchased a new position in Life360 during the third quarter valued at approximately $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Life360 in the second quarter valued at approximately $192,000. Finally, SG Americas Securities LLC purchased a new stake in Life360 in the 3rd quarter worth approximately $246,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

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.