Life360 (NASDAQ:LIF) Price Target Raised to $55.00 at JMP Securities

Life360 (NASDAQ:LIF) had its price target raised by JMP Securities from $40.00 to $55.00 in a research note released on Thursday,Benzinga reports. They currently have a market outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. UBS Group boosted their target price on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Loop Capital boosted their target price on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group began coverage on shares of Life360 in a report on Friday, August 9th. They set a “buy” rating and a $43.00 target price on the stock. Finally, Stifel Nicolaus boosted 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. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $44.75.

Life360 Stock Performance

Shares of Life360 stock opened at $41.95 on Thursday. The firm’s 50 day moving average is $41.24. Life360 has a 1 year low of $26.00 and a 1 year high of $48.90.

Insider Transactions at Life360

In other news, Director James Synge sold 3,471 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the transaction, the director now owns 67,102 shares in the company, valued at approximately $2,505,588.68. The trade was a 4.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chris Hulls sold 556,569 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 952,696 shares in the company, 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. In the last 90 days, insiders have sold 633,657 shares of company stock worth $25,503,241.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in shares of Life360 during the 2nd quarter valued at $43,000. BNP Paribas Financial Markets acquired a new position in shares of Life360 during the 3rd quarter valued at $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 during the 3rd quarter valued at $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Life360 during the 2nd quarter valued at $192,000. Finally, SG Americas Securities LLC acquired a new position in shares of Life360 during the 3rd quarter valued at $246,000.

About Life360

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.