Brokerages Set Life360, Inc. (NASDAQ:LIF) Target Price at $47.00

Shares of Life360, Inc. (NASDAQ:LIF) have earned an average rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $47.00.

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

Life360 Stock Performance

Shares of NASDAQ:LIF opened at $42.98 on Monday. The business has a 50-day moving average of $44.44 and a two-hundred day moving average of $39.42. Life360 has a 12 month low of $26.00 and a 12 month high of $52.76.

Insider Activity at Life360

In other news, CEO Chris Hulls sold 556,569 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the sale, the chief executive officer now owns 952,696 shares in the company, valued at approximately $39,079,589.92. This represents a 36.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total value of $136,482.88. Following the completion of the transaction, the chief financial officer now owns 158,066 shares of the company’s stock, valued at $6,950,162.02. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 632,777 shares of company stock valued at $25,984,380.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently made changes to their positions in LIF. Emerald Advisers LLC bought a new position in Life360 in the second quarter worth about $6,777,000. Hodges Capital Management Inc. acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $3,876,000. FMR LLC lifted 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 worth $59,817,000 after purchasing an additional 86,917 shares during the last quarter. State Street Corp bought a new stake in shares of Life360 in the 3rd quarter worth approximately $2,393,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Life360 during the 3rd quarter valued at approximately $675,000. 20.00% of the stock is currently owned by institutional investors.

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.