Life360 (NASDAQ:LIF) Given New $55.00 Price Target at JMP Securities

Life360 (NASDAQ:LIF) had its price objective lifted by JMP Securities from $40.00 to $55.00 in a research report sent to investors on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

LIF has been the topic of several other reports. UBS Group lifted their price target on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Loop Capital boosted their target price on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group initiated coverage on Life360 in a research note on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. 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.com, the company currently has an average rating of “Buy” and an average target price of $44.75.

Life360 Stock Down 4.3 %

Life360 stock traded down $1.88 during mid-day trading on Thursday, hitting $42.00. The company had a trading volume of 2,073,970 shares, compared to its average volume of 268,078. Life360 has a 1 year low of $26.00 and a 1 year high of $48.90. The business has a fifty day moving average of $41.15.

Insider Activity at Life360

In other news, Director James Synge sold 3,471 shares of Life360 stock in a transaction on Thursday, September 5th. The stock was 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 $2,505,588.68. The trade was a 4.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the stock in a transaction dated 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 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 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 633,657 shares of company stock worth $25,503,241 over the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LIF. Wealthstream Advisors Inc. acquired a new stake in Life360 during the 3rd quarter valued at $35,538,000. Regal Partners Ltd acquired a new position in Life360 in the 2nd quarter valued at about $23,635,000. Millennium Management LLC purchased a new position in Life360 in the 2nd quarter valued at about $11,861,000. Ghisallo Capital Management LLC acquired a new stake in shares of Life360 during the 2nd quarter worth about $8,098,000. Finally, Emerald Advisers LLC purchased a new stake in shares of Life360 during the second quarter worth about $6,777,000.

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.