Life360 (NASDAQ:LIF) Shares Gap Down – What’s Next?

Life360, Inc. (NASDAQ:LIF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $48.10, but opened at $43.57. Life360 shares last traded at $45.25, with a volume of 75,187 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LIF. UBS Group lifted their price target on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus lifted their target price on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Loop Capital raised their price objective on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Jefferies Financial Group assumed coverage on Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. Finally, JMP Securities boosted their price target on shares of Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Life360 has an average rating of “Buy” and an average target price of $42.88.

Life360 Price Performance

The business’s 50-day simple moving average is $40.88.

Insider Buying and Selling

In related news, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the sale, the director now owns 106,742 shares in the company, valued at $3,463,777.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Charles J. Prober sold 40,000 shares of the firm’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 transaction of $1,298,000.00. Following the completion of the sale, the director now owns 106,742 shares of the company’s stock, valued at $3,463,777.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Synge sold 33,617 shares of Life360 stock in a transaction that occurred 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 directly owns 291,944 shares in the company, valued at $10,813,605.76. This represents 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 over the last quarter.

Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 DIFC Ltd bought a new stake in shares of Life360 during the second quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Life360 in the second quarter valued at approximately $192,000. XY Capital Ltd bought a new position in Life360 in the second quarter worth approximately $205,000. SG Americas Securities LLC bought a new stake in Life360 during the 3rd quarter valued at $246,000. Finally, WealthPlan Investment Management LLC grew 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.

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.