Life360, Inc. (NASDAQ:LIF) Short Interest Up 16.7% in July

Life360, Inc. (NASDAQ:LIF) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 155,400 shares, a growth of 16.7% from the July 15th total of 133,200 shares. Based on an average daily volume of 249,500 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of Life360

Several large investors have recently modified their holdings of the company. Point72 DIFC Ltd acquired a new position in Life360 in the 2nd quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Life360 in the 2nd quarter worth about $192,000. XY Capital Ltd acquired a new stake in shares of Life360 during the 2nd quarter worth about $205,000. Emerald Mutual Fund Advisers Trust bought a new position in Life360 during the 2nd quarter valued at about $5,488,000. Finally, Emerald Advisers LLC acquired a new position in Life360 in the second quarter valued at about $6,777,000.

Analyst Ratings Changes

Several analysts have recently commented on LIF shares. JMP Securities increased their price target on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. UBS Group upped their price target on shares of Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Evercore ISI raised Life360 to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Monday, June 17th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price objective (up from $37.00) on shares of Life360 in a research note on Friday, August 9th. Finally, Canaccord Genuity Group raised shares of Life360 to a “strong-buy” rating in a research report on Monday, June 17th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $38.88.

Life360 Price Performance

Shares of LIF traded up $0.25 during trading hours on Friday, reaching $36.65. The company’s stock had a trading volume of 219,413 shares, compared to its average volume of 230,319. The firm has a 50 day moving average of $32.83. Life360 has a 1-year low of $26.00 and a 1-year high of $37.42.

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.