JMP Securities Raises Life360 (NASDAQ:LIF) Price Target to $55.00

Life360 (NASDAQ:LIF) had its price target upped by JMP Securities from $40.00 to $55.00 in a research note released on Thursday,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

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

Life360 Stock Down 4.3 %

Shares of LIF stock traded down $1.88 on Thursday, reaching $42.00. 2,073,970 shares of the stock were exchanged, compared to its average volume of 268,078. Life360 has a 1-year low of $26.00 and a 1-year high of $48.90. The stock’s 50 day moving average price is $41.15.

Insider Buying and Selling at Life360

In other Life360 news, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. The trade was a 27.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Synge sold 3,471 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were 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 trade represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 633,657 shares of company stock worth $25,503,241 over the last quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd acquired a new stake in Life360 in the second quarter worth $43,000. BNP Paribas Financial Markets bought a new position in shares of Life360 during the third quarter worth about $98,000. MetLife Investment Management LLC acquired a new stake in shares of Life360 in the 3rd quarter worth about $139,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Life360 in the 2nd quarter valued at about $192,000. Finally, XY Capital Ltd acquired a new position in Life360 during the 2nd quarter valued at about $205,000.

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.