Life360 (NASDAQ:LIF) Price Target Raised to $50.00 at UBS Group

Life360 (NASDAQ:LIF) had its target price hoisted by UBS Group from $35.00 to $50.00 in a research note issued to investors on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. JMP Securities increased their target price 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. Jefferies Financial Group started coverage on Life360 in a research report on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. 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. Finally, Stifel Nicolaus lifted their price target on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $42.88.

Life360 Trading Up 0.9 %

Life360 stock traded up $0.43 during mid-day trading on Thursday, hitting $47.47. The company had a trading volume of 460,124 shares, compared to its average volume of 143,809. The firm’s fifty day moving average is $40.49. Life360 has a 12-month low of $26.00 and a 12-month high of $48.74.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) 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 the consensus estimate of $85.00 million. On average, equities research analysts forecast that Life360 will post -0.37 EPS for the current year.

Insiders Place Their Bets

In other news, Director James Synge sold 3,471 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the sale, the director now directly owns 67,102 shares in the company, valued at $2,505,588.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the transaction, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Synge sold 3,471 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the sale, the director now directly owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,088 shares of company stock valued at $2,672,781 in the last 90 days.

Institutional Trading of Life360

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