Life360 (NASDAQ:LIF) Trading 6.9% Higher – What’s Next?

Life360, Inc. (NASDAQ:LIF) shares rose 6.9% during trading on Monday . The company traded as high as $43.77 and last traded at $43.77. Approximately 32,922 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 269,564 shares. The stock had previously closed at $40.95.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LIF. Stifel Nicolaus boosted their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Jefferies Financial Group initiated coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. 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. JMP Securities upped their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, Loop Capital raised their price objective on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $44.75.

Life360 Stock Performance

The firm’s fifty day moving average price is $42.47.

Insider Activity at Life360

In other Life360 news, CEO Chris Hulls sold 556,569 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the transaction, the chief executive officer now directly owns 952,696 shares in the company, valued at approximately $39,079,589.92. The trade was a 36.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Goines sold 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.89, for a total value of $438,900.00. Following the sale, the director now owns 66,272 shares in the company, valued at $2,908,678.08. This trade represents a 13.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 703,657 shares of company stock valued at $28,392,141.

Hedge Funds Weigh In On Life360

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after purchasing an additional 86,917 shares during the last quarter. Wealthstream Advisors Inc. acquired a new stake in Life360 during the third quarter worth about $35,538,000. Regal Partners Ltd purchased a new position in shares of Life360 in the 2nd quarter worth about $23,635,000. Millennium Management LLC acquired a new position in shares of Life360 in the 2nd quarter valued at about $11,861,000. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Life360 during the 2nd quarter worth about $8,098,000.

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.