Brokerages Set Life360, Inc. (NASDAQ:LIF) PT at $39.75

Life360, Inc. (NASDAQ:LIF) has received an average rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $39.75.

LIF has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Life360 in a research report on Friday, August 9th. They set a “buy” rating and a $43.00 price objective on the stock. Loop Capital raised their price target on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. JMP Securities upped their price objective on Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 target price (up previously from $37.00) on shares of Life360 in a research report on Friday, August 9th. Finally, UBS Group boosted their price target on Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 9th.

Insider Transactions at Life360

In other Life360 news, Director James Synge sold 3,471 shares of the stock in a transaction on Thursday, September 5th. The shares were 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 in the company, valued at $2,505,588.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the transaction, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Synge sold 3,471 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the sale, the director now owns 67,102 shares in the company, valued at $2,505,588.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,088 shares of company stock valued at $2,672,781 in the last ninety days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of Life360 in the 2nd quarter worth about $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Life360 in the 2nd quarter worth about $192,000. SG Americas Securities LLC bought a new stake in Life360 in the third quarter worth about $246,000. XY Capital Ltd purchased a new position in shares of Life360 during the second quarter valued at approximately $205,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Life360 during the second quarter valued at approximately $405,000.

Life360 Stock Performance

NASDAQ LIF opened at $42.82 on Wednesday. Life360 has a 52 week low of $26.00 and a 52 week high of $46.12. The stock has a 50-day moving average of $39.30.

Life360 (NASDAQ:LIF) last released its earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The company had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $85.00 million. On average, equities analysts predict that Life360 will post -0.37 EPS for the current fiscal year.

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.