Life360 (NASDAQ:LIF) Trading 6.9% Higher – Should You Buy?

Life360, Inc. (NASDAQ:LIF) traded up 6.9% on Monday . The company traded as high as $43.77 and last traded at $43.77. 32,922 shares were traded during mid-day trading, a decline of 88% from the average session volume of 269,564 shares. The stock had previously closed at $40.95.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LIF. 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 raised their price target on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. UBS Group boosted their price objective on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group began coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective for the company. Finally, JMP Securities lifted their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $44.75.

Life360 Trading Up 6.7 %

The firm has a 50-day moving average price of $42.47.

Insider Buying and Selling

In other Life360 news, Director Mark Goines sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.89, for a total transaction of $438,900.00. Following the completion of the sale, the director now owns 66,272 shares in the company, valued at $2,908,678.08. The trade was a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the transaction, the chief executive officer now owns 952,696 shares in the company, valued at approximately $39,079,589.92. The trade was 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 sold 703,657 shares of company stock worth $28,392,141.

Institutional Trading of Life360

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Regal Partners Ltd acquired a new stake in shares of Life360 in the 2nd quarter worth about $23,635,000. XY Capital Ltd bought a new stake in shares of Life360 during the second quarter valued at approximately $205,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Life360 during the second quarter worth approximately $5,488,000. Emerald Advisers LLC acquired a new position in shares of Life360 during the second quarter worth approximately $6,777,000. Finally, Point72 DIFC Ltd bought a new position in Life360 in the 2nd quarter worth approximately $43,000.

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.