Canaccord Genuity Group Issues Positive Forecast for Life360 (NASDAQ:LIF) Stock Price

Life360 (NASDAQ:LIF) had its price target raised by stock analysts at Canaccord Genuity Group from $54.00 to $58.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 17.62% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group initiated coverage on Life360 in a research note on Friday, August 9th. They set a “buy” rating and a $43.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JMP Securities raised their target price on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. UBS Group increased their price target on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Loop Capital boosted their price objective on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Life360 presently has an average rating of “Buy” and an average price target of $47.00.

Life360 Stock Performance

Shares of NASDAQ LIF opened at $49.31 on Monday. The company’s 50 day moving average price is $43.31. Life360 has a 52-week low of $26.00 and a 52-week high of $49.53.

Insider Activity at Life360

In other news, Director Mark Goines sold 10,000 shares of Life360 stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.89, for a total transaction of $438,900.00. Following the transaction, the director now owns 66,272 shares in the company, valued at approximately $2,908,678.08. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction dated 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 directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. This trade represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 703,657 shares of company stock valued at $28,392,141 over the last ninety days.

Hedge Funds Weigh In On Life360

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. acquired a new stake in shares of Life360 in the 3rd quarter valued at $4,689,000. Barclays PLC acquired a new stake in shares of Life360 in the third quarter worth about $320,000. First Dallas Securities Inc. bought a new stake in shares of Life360 during the 3rd quarter worth about $273,000. Geode Capital Management LLC bought a new stake in shares of Life360 during the 3rd quarter worth about $5,134,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Life360 during the 3rd quarter valued at about $1,653,000.

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.