Life360 (NASDAQ:LIF) Sets New 52-Week High – What’s Next?

Life360, Inc. (NASDAQ:LIF)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $46.14 and last traded at $45.75, with a volume of 64376 shares. The stock had previously closed at $44.65.

Analyst Ratings Changes

LIF has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on shares of Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective for the company. UBS Group raised their target price 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 raised their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. JMP Securities raised their target price 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, Loop Capital raised their target price on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Life360 presently has an average rating of “Buy” and a consensus target price of $41.00.

Life360 Stock Performance

The company’s fifty day moving average is $40.03.

Life360 (NASDAQ:LIF) last posted its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The firm had revenue of $84.86 million for the quarter, compared to analyst estimates of $85.00 million. On average, equities analysts predict that Life360, Inc. will post -0.37 EPS for the current year.

Insiders Place Their Bets

In other news, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the transaction, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director James Synge sold 33,617 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the transaction, the director now owns 291,944 shares in the company, valued at $10,813,605.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the transaction, the director now owns 106,742 shares in the company, valued at $3,463,777.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,088 shares of company stock valued at $2,672,781 in the last ninety days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust lifted its position in shares of Life360 by 0.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after purchasing an additional 736 shares in the last quarter. WealthPlan Investment Management LLC lifted its position in shares of Life360 by 8.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock worth $383,000 after buying an additional 738 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Life360 in the 2nd quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Life360 in the 2nd quarter worth approximately $192,000. Finally, SG Americas Securities LLC bought a new position in shares of Life360 in the third quarter valued at approximately $246,000.

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.