Life360 (NASDAQ:LIF) Shares Gap Down – Here’s What Happened

Life360, Inc. (NASDAQ:LIF)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $52.48, but opened at $51.31. Life360 shares last traded at $51.06, with a volume of 55,618 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their price objective on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. JMP Securities upped their price objective on 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 upped their price objective on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Canaccord Genuity Group upped their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Life360 currently has an average rating of “Buy” and an average price target of $47.00.

Life360 Price Performance

The company’s 50-day simple moving average is $43.58.

Insider Activity

In related news, Director Mark Goines sold 10,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.89, for a total transaction of $438,900.00. Following the sale, the director now owns 66,272 shares of the company’s stock, valued at approximately $2,908,678.08. This represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Synge sold 3,471 shares of the company’s stock in a transaction dated 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 owns 67,102 shares in the company, valued at $2,505,588.68. This represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 703,657 shares of company stock valued at $28,392,141 in the last 90 days.

Hedge Funds Weigh In On Life360

Institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in Life360 in the 2nd quarter worth about $43,000. BNP Paribas Financial Markets bought a new position in shares of Life360 during the 3rd quarter valued at about $98,000. MetLife Investment Management LLC bought a new position 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 during the 2nd quarter valued at about $192,000. Finally, SG Americas Securities LLC bought a new position in shares of Life360 during the 3rd 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.