JMP Securities Boosts Life360 (NASDAQ:LIF) Price Target to $55.00

Life360 (NASDAQ:LIF) had its target price boosted by investment analysts at JMP Securities from $40.00 to $55.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 31.11% from the company’s previous close.

Several other analysts have also issued reports on LIF. UBS Group increased their target price on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Loop Capital increased their price objective on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Stifel Nicolaus boosted their target price 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, Jefferies Financial Group assumed coverage on shares of Life360 in a report on Friday, August 9th. They set a “buy” rating and a $43.00 price target for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $44.75.

Life360 Stock Down 4.4 %

Shares of Life360 stock opened at $41.95 on Thursday. Life360 has a twelve month low of $26.00 and a twelve month high of $48.90. The business has a 50-day simple moving average of $41.24.

Insider Activity at Life360

In other news, CEO Chris Hulls sold 556,569 shares of Life360 stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the sale, the chief executive officer now directly owns 952,696 shares of the company’s stock, valued at approximately $39,079,589.92. This trade represents a 36.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles J. Prober sold 40,000 shares of the company’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 completion of the transaction, the director now directly owns 106,742 shares of the company’s stock, valued at $3,463,777.90. This represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 633,657 shares of company stock valued at $25,503,241 in the last quarter.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently made changes to their positions in LIF. Regal Partners Ltd acquired a new position in shares of Life360 in the 2nd quarter worth approximately $23,635,000. XY Capital Ltd bought a new stake in Life360 during the second quarter valued at $205,000. Emerald Mutual Fund Advisers Trust bought a new stake in Life360 during the second quarter valued at $5,488,000. Emerald Advisers LLC acquired a new stake in Life360 during the 2nd quarter worth about $6,777,000. Finally, Point72 DIFC Ltd bought a new position in shares of Life360 in the 2nd quarter worth about $43,000.

About Life360

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.