Brokerages Set Life360, Inc. (NASDAQ:LIF) PT at $39.75

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $41.00.

A number of analysts recently weighed in on LIF shares. Jefferies Financial Group assumed coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective on the stock. Loop Capital boosted their price target on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. UBS Group boosted their price target on shares of Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. JMP Securities upped their target price on Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus boosted their price objective on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday.

Insider Buying and Selling at Life360

In other Life360 news, 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 transaction, the director now directly owns 67,102 shares of the company’s stock, valued at $2,505,588.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director James Synge sold 3,471 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the transaction, the director now owns 67,102 shares in the company, valued at approximately $2,505,588.68. This trade represents a 0.00 % 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, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the sale, the director now owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,088 shares of company stock valued at $2,672,781 in the last quarter.

Institutional Trading of Life360

Hedge funds have recently added to or reduced their stakes in the business. Emerald Advisers LLC increased its holdings in shares of Life360 by 6.0% during the third quarter. Emerald Advisers LLC now owns 221,679 shares of the company’s stock worth $8,723,000 after buying an additional 12,458 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in Life360 by 0.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after acquiring an additional 736 shares in the last quarter. Ausbil Investment Management Ltd acquired a new stake in Life360 in the 3rd quarter valued at about $2,749,000. SG Americas Securities LLC acquired a new stake in shares of Life360 in the third quarter valued at approximately $246,000. Finally, Point72 DIFC Ltd bought a new position in Life360 in the 2nd quarter worth approximately $43,000.

Life360 Stock Up 1.2 %

Shares of LIF opened at $44.44 on Wednesday. Life360 has a 52 week low of $26.00 and a 52 week high of $46.12. The business has a 50 day moving average price of $39.57.

Life360 (NASDAQ:LIF) last posted its earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. Equities analysts expect that Life360 will post -0.37 earnings per share for the current year.

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.