Life360, Inc.’s (NASDAQ:LIF) Lock-Up Period Will End Tomorrow

Life360’s (NASDAQ:LIF) lock-up period is set to end on Tuesday, December 3rd. Life360 had issued 5,750,000 shares in its public offering on June 6th. The total size of the offering was $155,250,000 based on an initial share price of $27.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

A number of research analysts recently issued reports on LIF shares. 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 report on Thursday, November 7th. JMP Securities boosted their price target on shares of 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 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. Jefferies Financial Group initiated coverage on shares of Life360 in a report on Friday, August 9th. They set a “buy” rating and a $43.00 price objective for the company. Finally, Stifel Nicolaus upped their target price on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Life360 currently has a consensus rating of “Buy” and an average target price of $44.75.

Life360 Trading Down 0.3 %

Shares of Life360 stock opened at $49.31 on Monday. Life360 has a 52-week low of $26.00 and a 52-week high of $49.53. The firm has a 50-day moving average price of $43.31.

Insider Activity

In related news, Director John Philip Coghlan sold 10,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total transaction of $415,000.00. Following the transaction, the director now owns 41,628 shares of the company’s stock, valued at approximately $1,727,562. This trade represents a 19.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Synge sold 3,471 shares of Life360 stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the transaction, the director now directly owns 67,102 shares in the company, valued at $2,505,588.68. This trade represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 703,657 shares of company stock worth $28,392,141.

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. Point72 DIFC Ltd bought a new stake in Life360 in the 2nd quarter worth approximately $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Life360 during the 3rd quarter valued at about $98,000. MetLife Investment Management LLC purchased a new stake in shares of Life360 during the 3rd quarter valued at about $139,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Life360 in the 2nd quarter worth approximately $192,000. Finally, SG Americas Securities LLC bought a new stake in Life360 during the third quarter valued at about $246,000.

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.