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

Shares of Life360, Inc. (NASDAQ:LIF) have earned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $47.00.

Several research firms have commented on LIF. Stifel Nicolaus raised their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Loop Capital raised their price objective on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. UBS Group upped their target price on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, JMP Securities upped their price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th.

Life360 Trading Up 0.7 %

Shares of LIF opened at $43.81 on Thursday. Life360 has a one year low of $26.00 and a one year high of $52.76. The company’s fifty day simple moving average is $44.88.

Insider Transactions at Life360

In other news, CEO Chris Hulls sold 556,569 shares of the 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 sale, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. This represents a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 158,066 shares of the company’s stock, valued at approximately $6,950,162.02. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 629,673 shares of company stock valued at $25,855,843 in the last three months.

Institutional Trading of Life360

Hedge funds have recently made changes to their positions in the stock. Emerald Advisers LLC purchased a new position in Life360 in the second quarter valued at about $6,777,000. Hodges Capital Management Inc. bought a new stake in shares of Life360 in the 3rd quarter valued at approximately $3,876,000. FMR LLC increased its holdings in Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after buying an additional 86,917 shares during the last quarter. Millennium Management LLC bought a new position in Life360 during the second quarter valued at approximately $11,861,000. Finally, Regal Partners Ltd acquired a new stake in Life360 in the second quarter valued at approximately $23,635,000. 20.00% of the stock is owned by hedge funds and other 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.