Life360 (NASDAQ:LIF) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of Life360 (NASDAQ:LIF) from a neutral rating to a buy rating in a research note released on Friday morning, MarketBeat.com reports. UBS Group currently has $55.00 target price on the stock, up from their previous target price of $52.00.

A number of other equities analysts have also commented on LIF. Stifel Nicolaus increased their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Canaccord Genuity Group raised their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, JMP Securities upped their price objective on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $47.63.

Life360 Price Performance

Shares of NASDAQ LIF opened at $43.37 on Friday. The business has a 50-day moving average of $44.01 and a 200-day moving average of $39.75. Life360 has a 12 month low of $26.00 and a 12 month high of $52.76.

Insider Activity

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $43.97, for a total value of $136,482.88. Following the transaction, the chief financial officer now owns 158,066 shares in the company, valued at approximately $6,950,162.02. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chris Hulls sold 556,569 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the transaction, the chief executive officer now directly owns 952,696 shares of the company’s stock, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 635,881 shares of company stock valued at $26,117,045.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust boosted its holdings in Life360 by 0.4% in the third 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. WealthPlan Investment Management LLC boosted its stake in shares of Life360 by 8.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after purchasing an additional 738 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Life360 during the second quarter valued at about $43,000. BNP Paribas Financial Markets bought a new position in Life360 in the third quarter worth about $98,000. Finally, SG Americas Securities LLC lifted its holdings in Life360 by 54.1% in the fourth quarter. SG Americas Securities LLC now owns 9,649 shares of the company’s stock worth $398,000 after buying an additional 3,386 shares during the period. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.