Short Interest in Life360, Inc. (NASDAQ:LIF) Drops By 17.4%

Life360, Inc. (NASDAQ:LIF) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 772,600 shares, a drop of 17.4% from the January 15th total of 935,200 shares. Based on an average daily volume of 405,200 shares, the short-interest ratio is currently 1.9 days. Approximately 1.2% of the company’s shares are short sold.

Insider Transactions at Life360

In other news, Director John Philip Coghlan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.50, for a total value of $415,000.00. Following the completion of the sale, the director now directly owns 41,628 shares of the company’s stock, valued at approximately $1,727,562. This trade represents a 19.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark Goines sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $40.70, for a total transaction of $2,035,000.00. Following the completion of the sale, the director now owns 76,272 shares of the company’s stock, 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. Over the last 90 days, insiders have sold 85,520 shares of company stock worth $3,571,283.

Institutional Trading of Life360

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund bought a new stake in shares of Life360 during the fourth quarter valued at approximately $25,000. Ameritas Investment Partners Inc. grew its stake in shares of Life360 by 82.3% in the 4th quarter. Ameritas Investment Partners Inc. now owns 1,072 shares of the company’s stock worth $44,000 after buying an additional 484 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Life360 during the third quarter valued at approximately $98,000. MetLife Investment Management LLC purchased a new position in shares of Life360 during the 3rd quarter worth about $139,000. Finally, KBC Group NV bought a new position in Life360 in the 4th quarter valued at $147,000. Institutional investors own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on LIF shares. JMP Securities raised their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group boosted their price target on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Stifel Nicolaus upped their target price 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. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Life360 presently has an average rating of “Buy” and an average price target of $47.63.

Life360 Price Performance

NASDAQ:LIF opened at $46.46 on Friday. The business’s 50-day simple moving average is $43.66 and its two-hundred day simple moving average is $41.61. Life360 has a 52 week low of $26.00 and a 52 week high of $52.76.

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.