Affinity Capital Advisors LLC Buys Shares of 9,393 Life360, Inc. (NASDAQ:LIF)

Affinity Capital Advisors LLC bought a new stake in Life360, Inc. (NASDAQ:LIF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 9,393 shares of the company’s stock, valued at approximately $406,000.

A number of other institutional investors also recently bought and sold shares of LIF. Wealthstream Advisors Inc. bought a new position in Life360 in the third quarter valued at about $35,538,000. Millennium Management LLC bought a new position in Life360 in the second quarter valued at about $11,861,000. Ghisallo Capital Management LLC bought a new position in Life360 in the second quarter valued at about $8,098,000. Lord Abbett & CO. LLC bought a new position in Life360 in the third quarter valued at about $7,995,000. Finally, Geode Capital Management LLC bought a new position in shares of Life360 in the third quarter worth about $5,134,000. Institutional investors own 20.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on LIF shares. UBS Group raised their price objective on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price objective on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. JMP Securities raised their price objective on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus raised their price objective on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One equities 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 stock. According to MarketBeat.com, Life360 presently has a consensus rating of “Buy” and an average target price of $47.00.

Life360 Price Performance

Shares of LIF opened at $39.85 on Wednesday. The business’s 50 day moving average is $44.24 and its 200 day moving average is $39.74. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.76.

Insider Activity at Life360

In other Life360 news, Director John Philip Coghlan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.50, for a total transaction of $415,000.00. Following the completion of the transaction, the director now owns 41,628 shares in the company, valued at $1,727,562. This trade represents a 19.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction that occurred 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 $39,079,589.92. This represents a 36.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,881 shares of company stock valued at $26,117,045.

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.