Life360 (NASDAQ:LIF) Raised to “Buy” at UBS Group

Life360 (NASDAQ:LIF) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Friday, Marketbeat reports. The firm presently has a $55.00 price target on the stock, up from their previous price target of $52.00. UBS Group’s price objective would indicate a potential upside of 26.82% from the company’s previous close.

Other analysts have also recently issued reports about the company. JMP Securities upped their price objective on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Stifel Nicolaus increased 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. Finally, Canaccord Genuity Group boosted their target price on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $47.63.

Life360 Stock Up 6.9 %

Shares of LIF opened at $43.37 on Friday. Life360 has a 1 year low of $26.00 and a 1 year high of $52.76. The company has a 50 day simple moving average of $43.92 and a two-hundred day simple moving average of $39.83.

Insider Transactions at Life360

In related news, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.74, for a total transaction of $132,664.96. Following the completion of the sale, the chief financial officer now directly owns 151,858 shares of the company’s stock, valued at approximately $6,490,410.92. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $22,830,460.38. Following the transaction, the chief executive officer now owns 952,696 shares of the company’s stock, valued at approximately $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 quarter, insiders sold 635,881 shares of company stock worth $26,117,045.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its stake in Life360 by 54.1% in the 4th quarter. SG Americas Securities LLC now owns 9,649 shares of the company’s stock worth $398,000 after acquiring an additional 3,386 shares in the last quarter. Cherrydale Wealth Management LLC purchased a new stake in shares of Life360 in the fourth quarter valued at approximately $340,000. Affinity Capital Advisors LLC bought a new position in Life360 in the fourth quarter worth approximately $406,000. JPMorgan Chase & Co. increased its holdings in Life360 by 295.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock worth $514,000 after purchasing an additional 9,754 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in Life360 during the 3rd quarter valued at $7,995,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.