Life360 (NASDAQ:LIF) Price Target Raised to $58.00 at Canaccord Genuity Group

Life360 (NASDAQ:LIF) had its target price hoisted by Canaccord Genuity Group from $54.00 to $58.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group raised their target price on Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JMP Securities lifted their price target on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Loop Capital increased their price target on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Jefferies Financial Group assumed coverage on Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Life360 has a consensus rating of “Buy” and an average target price of $47.00.

Life360 Price Performance

Shares of Life360 stock opened at $52.00 on Monday. The business’s fifty day simple moving average is $43.31. Life360 has a 1 year low of $26.00 and a 1 year high of $52.44.

Insider Buying and Selling

In other Life360 news, Director James Synge sold 3,471 shares of the stock in a transaction dated 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 of the company’s stock, valued at $2,505,588.68. This trade represents a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction that occurred on 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 $3,463,777.90. This trade represents a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 703,657 shares of company stock worth $28,392,141.

Institutional Trading of Life360

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Life360 by 6.1% during the third 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 in the last quarter. Wealthstream Advisors Inc. acquired a new position in shares of Life360 in the third quarter worth $35,538,000. Regal Partners Ltd acquired a new position in Life360 during the 2nd quarter worth $23,635,000. Millennium Management LLC acquired a new position in Life360 during the 2nd quarter worth $11,861,000. Finally, Ghisallo Capital Management LLC purchased a new stake in 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.