Life360, Inc.’s Quiet Period Will Expire on July 16th (NASDAQ:LIF)

Life360’s (NASDAQ:LIF) quiet period will expire on Tuesday, July 16th. Life360 had issued 5,750,000 shares in its IPO on June 6th. The total size of the offering was $155,250,000 based on an initial share price of $27.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Several brokerages recently issued reports on LIF. Loop Capital upgraded Life360 to a “strong-buy” rating and set a $36.00 price objective for the company in a report on Monday, June 17th. Canaccord Genuity Group began coverage on Life360 in a report on Monday, June 17th. They set a “buy” rating and a $40.00 price objective for the company. JMP Securities began coverage on Life360 in a report on Thursday, June 20th. They set an “outperform” rating and a $38.00 price objective for the company. Canaccord Genuity Group upgraded Life360 to a “strong-buy” rating in a report on Monday, June 17th. Finally, Stifel Nicolaus began coverage on Life360 in a report on Tuesday, July 2nd. They set a “buy” rating and a $37.00 price objective for the company. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $37.14.

Life360 Trading Up 2.6 %

NASDAQ LIF opened at $35.08 on Friday. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $35.68.

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.