Life360, Inc. (NASDAQ:LIF) Receives $47.63 Average Target Price from Analysts

Life360, Inc. (NASDAQ:LIF) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $47.63.

Several brokerages have commented on LIF. Stifel Nicolaus boosted their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. JMP Securities upped their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, Canaccord Genuity Group upped their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd.

Life360 Stock Performance

Shares of LIF stock opened at $45.95 on Friday. The business has a fifty day simple moving average of $44.50 and a 200 day simple moving average of $41.00. Life360 has a twelve month low of $26.00 and a twelve month high of $52.76.

Insider Activity

In other Life360 news, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the transaction, the chief executive officer now owns 952,696 shares in the company, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12. Following the completion of the transaction, the chief financial officer now owns 148,754 shares in the company, valued at $6,958,712.12. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 638,985 shares of company stock valued at $26,262,250.

Institutional Investors Weigh In On Life360

Large investors have recently modified their holdings of the company. New York State Common Retirement Fund bought a new stake in Life360 in the fourth quarter worth approximately $25,000. Point72 DIFC Ltd bought a new stake in shares of Life360 in the 2nd quarter valued at $43,000. BNP Paribas Financial Markets bought a new stake in shares of Life360 in the 3rd quarter valued at $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 during the 3rd quarter valued at $139,000. Finally, KBC Group NV bought a new position in Life360 during the fourth quarter worth $147,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

About Life360

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.