Life360 (NASDAQ:LIF) Trading Up 5.3% on Analyst Upgrade

Life360, Inc. (NASDAQ:LIF)’s stock price was up 5.3% during trading on Wednesday after Loop Capital raised their price target on the stock from $36.00 to $43.00. Loop Capital currently has a buy rating on the stock. Life360 traded as high as $39.93 and last traded at $39.60. Approximately 154,638 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 233,164 shares. The stock had previously closed at $37.61.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 target price (up from $37.00) on shares of Life360 in a research report on Friday, August 9th. Jefferies Financial Group initiated coverage on Life360 in a research report on Friday, August 9th. They set a “buy” rating and a $43.00 price objective on the stock. JMP Securities upped their price objective on Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. Canaccord Genuity Group initiated coverage on Life360 in a research report on Monday, June 17th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Evercore ISI upgraded Life360 to a “strong-buy” rating and set a $37.00 price objective on the stock in a research report on Monday, June 17th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $39.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in Life360 in the second quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Life360 in the second quarter worth approximately $192,000. XY Capital Ltd bought a new position in Life360 in the second quarter worth approximately $205,000. Point72 Asset Management L.P. bought a new position in Life360 in the second quarter worth approximately $405,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Life360 during the second quarter worth $5,488,000.

Life360 Price Performance

The stock has a fifty day simple moving average of $33.04.

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.