Life360 (NASDAQ:LIF) Shares Down 2.2%

Life360, Inc. (NASDAQ:LIF) traded down 2.2% during trading on Thursday . The stock traded as low as $35.65 and last traded at $35.78. 7,708 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 225,123 shares. The stock had previously closed at $36.57.

Analysts Set New Price Targets

LIF has been the topic of several recent research reports. Jefferies Financial Group began coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective on the stock. Canaccord Genuity Group upgraded Life360 to a “strong-buy” rating in a research report on Monday, June 17th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target (up previously from $37.00) on shares of Life360 in a research report on Friday, August 9th. Evercore ISI raised shares of Life360 to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Monday, June 17th. Finally, Loop Capital raised shares of Life360 to a “strong-buy” rating and set a $36.00 target price on the stock in a research note on Monday, June 17th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $38.88.

Life360 Stock Performance

Hedge Funds Weigh In On Life360

Several institutional investors have recently modified their holdings of the stock. Millennium Management LLC bought a new stake in shares of Life360 in the second quarter valued at about $11,861,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Life360 during the 2nd quarter worth approximately $192,000. Point72 DIFC Ltd bought a new position in shares of Life360 during the 2nd quarter worth approximately $43,000. Emerald Advisers LLC bought a new position in shares of Life360 during the 2nd quarter worth approximately $6,777,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Life360 in the second quarter valued at approximately $5,488,000.

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.