Life360, Inc. (NASDAQ:LIF) Short Interest Update

Life360, Inc. (NASDAQ:LIF) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 550,500 shares, an increase of 21.8% from the October 15th total of 452,000 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 258,400 shares, the short-interest ratio is presently 2.1 days.

Insiders Place Their Bets

In other news, CEO Chris Hulls sold 556,569 shares of the business’s stock in a transaction on 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 in the company, valued at $39,079,589.92. The trade was a 36.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Synge sold 33,617 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the transaction, the director now owns 291,944 shares in the company, valued at approximately $10,813,605.76. This represents a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 633,657 shares of company stock worth $25,503,241.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust raised its position in shares of Life360 by 0.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after buying an additional 736 shares during the last quarter. WealthPlan Investment Management LLC raised its position 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 acquired a new position in shares of Life360 during the second quarter valued at about $43,000. BNP Paribas Financial Markets acquired a new position in shares of Life360 during the third quarter valued at about $98,000. Finally, MetLife Investment Management LLC bought a new stake in Life360 in the third quarter valued at about $139,000.

Analysts Set New Price Targets

Several research firms have recently commented on LIF. JMP Securities boosted their price target on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Loop Capital lifted their price objective on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Jefferies Financial Group began coverage on shares of Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Life360 has an average rating of “Buy” and an average price target of $44.75.

Life360 Price Performance

Life360 stock traded down $1.93 on Friday, reaching $41.95. 2,136,280 shares of the stock were exchanged, compared to its average volume of 268,630. Life360 has a twelve month low of $26.00 and a twelve month high of $48.90. The company’s fifty day moving average is $41.15.

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.