Analysts Set Life360, Inc. (NASDAQ:LIF) Price Target at $39.75

Shares of Life360, Inc. (NASDAQ:LIF) have been given an average rating of “Buy” by the eight analysts that are currently covering the stock, MarketBeat reports. One 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 company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $39.75.

Several equities analysts have issued reports on LIF shares. UBS Group increased their price objective on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price objective (up from $37.00) on shares of Life360 in a report on Friday, August 9th. Canaccord Genuity Group started coverage on shares of Life360 in a report on Monday, June 17th. They set a “buy” rating and a $40.00 price objective on the stock. JMP Securities increased their price objective on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group assumed coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company.

Insider Activity

In related news, Director James Synge sold 3,471 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the sale, the director now directly owns 67,102 shares in the company, valued at approximately $2,505,588.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director James Synge sold 3,471 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the sale, the director now directly owns 67,102 shares in the company, valued at approximately $2,505,588.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles J. Prober sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the sale, the director now owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,088 shares of company stock worth $2,672,781 over the last three months.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of Life360 during the second quarter valued at about $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Life360 during the second quarter valued at about $192,000. SG Americas Securities LLC acquired a new stake in shares of Life360 during the third quarter valued at about $246,000. XY Capital Ltd acquired a new stake in shares of Life360 during the second quarter valued at about $205,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Life360 during the second quarter valued at about $405,000.

Life360 Trading Up 1.2 %

Shares of NASDAQ LIF opened at $40.02 on Friday. The business’s fifty day moving average price is $36.14. Life360 has a 1 year low of $26.00 and a 1 year high of $41.45.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $84.86 million for the quarter, compared to the consensus estimate of $85.00 million. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. On average, research analysts anticipate that Life360 will post -0.29 EPS for the current year.

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.