Life360 (NASDAQ:LIF) Shares Up 6.9% – Time to Buy?

Life360, Inc. (NASDAQ:LIF)’s share price shot up 6.9% during trading on Monday . The stock traded as high as $43.77 and last traded at $43.77. 32,922 shares traded hands during trading, a decline of 88% from the average session volume of 269,564 shares. The stock had previously closed at $40.95.

Wall Street Analyst Weigh In

LIF has been the subject of a number of analyst reports. Loop Capital boosted their price target on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. UBS Group boosted 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. Jefferies Financial Group started coverage on shares of Life360 in a research report on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. JMP Securities lifted their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus increased their target price on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. 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. Based on data from MarketBeat.com, Life360 has an average rating of “Buy” and an average target price of $44.75.

Life360 Trading Up 6.0 %

The firm has a 50-day moving average price of $42.03.

Insiders Place Their Bets

In other news, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the transaction, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. The trade was a 27.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Chris Hulls sold 556,569 shares of the company’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 value of $22,830,460.38. Following the completion of the sale, the chief executive officer now owns 952,696 shares of the company’s stock, valued at $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 643,657 shares of company stock worth $25,918,241.

Institutional Trading of Life360

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new position in shares of Life360 during the 3rd quarter valued at about $320,000. First Dallas Securities Inc. acquired a new position in Life360 in the 3rd quarter valued at about $273,000. Geode Capital Management LLC purchased a new stake in shares of Life360 in the 3rd quarter valued at approximately $5,134,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $1,653,000. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Life360 during the 3rd quarter valued at approximately $3,876,000.

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.