Life360 (NASDAQ:LIF) Upgraded at UBS Group

Life360 (NASDAQ:LIF) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has a $55.00 price objective on the stock, up from their prior price objective of $52.00. UBS Group’s target price points to a potential upside of 26.82% from the stock’s current price.

LIF has been the topic of several other reports. JMP Securities lifted their price target on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Stifel Nicolaus boosted their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Canaccord Genuity Group raised their price target on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $47.63.

Life360 Stock Performance

NASDAQ:LIF opened at $43.37 on Friday. The company’s 50-day simple moving average is $43.92 and its 200-day simple moving average is $39.83. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Insider Buying and Selling at Life360

In related news, CEO Chris Hulls sold 556,569 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the transaction, the chief executive officer now owns 952,696 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $43.97, for a total transaction of $136,482.88. Following the completion of the sale, the chief financial officer now directly owns 158,066 shares in the company, valued at approximately $6,950,162.02. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,881 shares of company stock worth $26,117,045.

Hedge Funds Weigh In On Life360

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

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.