Life360, Inc. (NASDAQ:LIF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Life360, Inc. (NASDAQ:LIF) have received a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $47.00.

LIF has been the topic of a number of research reports. UBS Group raised their target price on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price objective on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JMP Securities upped their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Loop Capital lifted their price target on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Canaccord Genuity Group upped their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd.

Insider Buying and Selling

In related news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $43.97, for a total transaction of $136,482.88. Following the completion of the transaction, the chief financial officer now owns 158,066 shares of the company’s stock, valued at approximately $6,950,162.02. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark Goines sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $40.70, for a total value of $2,035,000.00. Following the completion of the sale, the director now directly owns 76,272 shares in the company, valued at approximately $3,104,270.40. The trade was a 39.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 629,673 shares of company stock valued at $25,855,843.

Hedge Funds Weigh In On Life360

Several hedge funds have recently bought and sold shares of LIF. Lord Abbett & CO. LLC purchased a new stake in Life360 during the third quarter worth about $7,995,000. Franklin Resources Inc. acquired a new position in shares of Life360 in the third quarter valued at approximately $4,689,000. Barclays PLC purchased a new stake in Life360 during the 3rd quarter worth approximately $320,000. First Dallas Securities Inc. purchased a new stake in Life360 during the 3rd quarter worth approximately $273,000. Finally, Geode Capital Management LLC acquired a new stake in Life360 during the 3rd quarter worth approximately $5,134,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Trading Down 4.6 %

LIF opened at $41.43 on Thursday. Life360 has a twelve month low of $26.00 and a twelve month high of $52.76. The stock’s 50-day simple moving average is $44.95.

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.