UBS Group Upgrades Life360 (NASDAQ:LIF) to Buy

UBS Group upgraded shares of Life360 (NASDAQ:LIF) from a neutral rating to a buy rating in a research note published on Friday morning, Marketbeat Ratings reports. UBS Group currently has $55.00 price objective on the stock, up from their previous price objective of $52.00.

A number of other research firms have also recently commented on LIF. Canaccord Genuity Group increased their target price on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. JMP Securities increased their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus lifted their target price on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $47.63.

Life360 Stock Up 6.9 %

Shares of NASDAQ LIF opened at $43.37 on Friday. The company has a 50 day simple moving average of $44.01 and a two-hundred day simple moving average of $39.75. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Insider Transactions at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.74, for a total value of $132,664.96. Following the transaction, the chief financial officer now directly owns 151,858 shares of the company’s stock, valued at approximately $6,490,410.92. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chris Hulls sold 556,569 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 952,696 shares of the company’s stock, valued at $39,079,589.92. The trade was a 36.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 635,881 shares of company stock worth $26,117,045 over the last three months.

Institutional Trading of Life360

Large investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new position in shares of Life360 during the 2nd quarter worth $43,000. BNP Paribas Financial Markets purchased a new position in Life360 during the third quarter valued at $98,000. MetLife Investment Management LLC bought a new stake in Life360 during the third quarter valued at about $139,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Life360 in the second quarter worth about $192,000. Finally, SG Americas Securities LLC bought a new position in shares of Life360 in the third quarter worth about $246,000. 20.00% of the stock is currently owned by institutional investors.

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.