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

Life360 (NASDAQ:LIF) had its price target raised by equities research analysts at Canaccord Genuity Group from $54.00 to $58.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 17.62% from the company’s current price.

LIF has been the topic of a number of other research reports. UBS Group increased their target price on Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. JMP Securities lifted their price objective on 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 raised their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Loop Capital lifted their price target on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Jefferies Financial Group initiated coverage on shares of Life360 in a research note on Friday, August 9th. They set a “buy” rating and a $43.00 price objective on the stock. One equities research 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. Based on data from MarketBeat, Life360 has an average rating of “Buy” and an average target price of $47.00.

Life360 Stock Down 0.3 %

NASDAQ:LIF opened at $49.31 on Monday. The company’s 50-day simple moving average is $43.31. Life360 has a twelve month low of $26.00 and a twelve month high of $49.53.

Insider Buying and Selling at Life360

In other news, CEO Chris Hulls sold 556,569 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the completion of the sale, the chief executive officer now owns 952,696 shares of the company’s stock, valued at $39,079,589.92. This represents a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Synge sold 3,471 shares of Life360 stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the transaction, the director now owns 67,102 shares in the company, valued at $2,505,588.68. The trade was a 4.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 703,657 shares of company stock worth $28,392,141 in the last quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares in the last quarter. Wealthstream Advisors Inc. purchased a new stake in shares of Life360 during the third quarter valued at approximately $35,538,000. Regal Partners Ltd acquired a new position in shares of Life360 during the second quarter worth $23,635,000. Millennium Management LLC purchased a new position in shares of Life360 in the second quarter valued at $11,861,000. Finally, Ghisallo Capital Management LLC acquired a new stake in Life360 during the 2nd quarter valued at $8,098,000.

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.