Canaccord Genuity Group Issues Positive Forecast for Life360 (NASDAQ:LIF) Stock Price

Life360 (NASDAQ:LIF) had its price target hoisted by Canaccord Genuity Group from $54.00 to $58.00 in a research note issued to investors on Monday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

LIF has been the topic of several other reports. UBS Group increased their target price on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus increased 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. Jefferies Financial Group started coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price on the stock. Loop Capital increased their target price on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, JMP Securities raised their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $47.00.

Life360 Trading Down 1.5 %

LIF opened at $51.70 on Monday. The stock has a fifty day moving average price of $43.84. Life360 has a twelve month low of $26.00 and a twelve month high of $52.76.

Insider Buying and Selling

In related news, Director Mark Goines sold 50,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 76,272 shares of the company’s stock, valued at approximately $3,104,270.40. This trade represents a 39.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Philip Coghlan sold 10,000 shares of the firm’s 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 completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 700,186 shares of company stock worth $28,262,534 over the last ninety days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Life360 in the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets bought a new position in shares of Life360 in the 3rd quarter valued at about $98,000. MetLife Investment Management LLC bought a new position in shares of Life360 in 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 valued at about $192,000. Finally, SG Americas Securities LLC bought a new position in shares of Life360 in the 3rd quarter valued at about $246,000.

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.