Life360 (NASDAQ:LIF) Price Target Raised to $55.00

Life360 (NASDAQ:LIF) had its price target boosted by JMP Securities from $40.00 to $55.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price objective would indicate a potential upside of 31.11% from the stock’s previous close.

A number of other analysts have also commented on LIF. Loop Capital boosted their price objective on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. UBS Group upped their price objective on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Jefferies Financial Group initiated coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. 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’s stock. According to MarketBeat.com, Life360 has a consensus rating of “Buy” and an average target price of $44.75.

Life360 Stock Performance

LIF opened at $41.95 on Thursday. Life360 has a 1-year low of $26.00 and a 1-year high of $48.90. The business’s fifty day simple moving average is $41.24.

Insider Activity

In other Life360 news, Director James Synge sold 33,617 shares of Life360 stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $37.04, for a total value of $1,245,173.68. Following the transaction, the director now directly owns 291,944 shares of the company’s stock, valued at $10,813,605.76. The trade was a 10.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles J. Prober sold 40,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the sale, the director now directly owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. This trade represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 633,657 shares of company stock worth $25,503,241.

Institutional Investors Weigh In On Life360

A number of large investors have recently added to or reduced their stakes in LIF. Emerald Mutual Fund Advisers Trust lifted its position in shares of Life360 by 0.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after purchasing an additional 736 shares during the period. WealthPlan Investment Management LLC grew its holdings in shares of Life360 by 8.2% during the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after buying an additional 738 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Life360 in the 2nd quarter worth $43,000. BNP Paribas Financial Markets purchased a new position in Life360 in the 3rd quarter worth about $98,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Life360 during the third quarter valued at approximately $139,000.

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.