Life360 (NASDAQ:LIF) Price Target Raised to $58.00

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

Several other research analysts have also issued reports on the stock. JMP Securities increased their price target on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. 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 research report on Monday, October 28th. Jefferies Financial Group assumed coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price target for the company. UBS Group increased their price target 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. Finally, Loop Capital upped their price objective on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $47.00.

Life360 Price Performance

NASDAQ:LIF opened at $51.70 on Monday. Life360 has a 12-month low of $26.00 and a 12-month high of $52.76. The business has a 50-day simple moving average of $43.84.

Insider Activity

In other news, Director James Synge sold 33,617 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 291,944 shares of the company’s stock, valued at $10,813,605.76. This represents a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Goines sold 50,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $40.70, for a total transaction of $2,035,000.00. Following the sale, the director now directly owns 76,272 shares in the company, valued at $3,104,270.40. This trade represents a 39.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 700,186 shares of company stock valued at $28,262,534 over the last three months.

Hedge Funds Weigh In On Life360

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new position in Life360 in the second quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new position in Life360 in the third quarter valued at approximately $98,000. MetLife Investment Management LLC bought a new position in Life360 in the third quarter valued at approximately $139,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Life360 in the second quarter valued at approximately $192,000. Finally, SG Americas Securities LLC bought a new position in Life360 in the third quarter valued at approximately $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.