Life360 (NASDAQ:LIF) Shares Gap Up – Should You Buy?

Life360, Inc. (NASDAQ:LIF) shares gapped up before the market opened on Friday . The stock had previously closed at $42.88, but opened at $44.98. Life360 shares last traded at $45.11, with a volume of 29,513 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LIF. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $55.00 in a research report on Friday, January 17th. JMP Securities lifted their target price on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Stifel Nicolaus increased their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Canaccord Genuity Group upped their target price on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $47.63.

Life360 Price Performance

The company’s 50 day moving average is $44.31 and its two-hundred day moving average is $41.05.

Insiders Place Their Bets

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $43.97, for a total value of $136,482.88. Following the transaction, the chief financial officer now directly owns 158,066 shares in the company, valued at $6,950,162.02. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Goines sold 10,000 shares of Life360 stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.89, for a total value of $438,900.00. Following the completion of the transaction, the director now owns 66,272 shares of the company’s stock, valued at approximately $2,908,678.08. The trade was a 13.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 638,985 shares of company stock worth $26,262,250.

Institutional Investors Weigh In On Life360

Several institutional investors have recently modified their holdings of LIF. WealthPlan Investment Management LLC raised its position in shares of Life360 by 2.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after acquiring an additional 247 shares during the period. New York State Common Retirement Fund bought a new position in shares of Life360 during the fourth quarter worth $25,000. Emerald Mutual Fund Advisers Trust increased its position in shares of Life360 by 0.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after buying an additional 736 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Life360 during the 3rd quarter worth $98,000. Finally, SG Americas Securities LLC lifted 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 in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.