Life360 (NASDAQ:LIF) Trading Up 5.3% After Analyst Upgrade

Posted by Defense World Staff on Aug 22nd, 2024

Life360, Inc. (NASDAQ:LIF – Get Free Report)’s stock price traded up 5.3% on Wednesday after Loop Capital raised their price target on the stock from $36.00 to $43.00. Loop Capital currently has a buy rating on the stock. Life360 traded as high as $39.93 and last traded at $39.60. 154,638 shares traded hands during trading, a decline of 34% from the average session volume of 233,164 shares. The stock had previously closed at $37.61.

LIF has been the subject of a number of other research reports. Canaccord Genuity Group began coverage on shares of Life360 in a report on Monday, June 17th. They issued a “buy” rating and a $40.00 price objective for the company. UBS Group lifted their price target on Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Evercore ISI raised Life360 to a “strong-buy” rating and set a $37.00 price target for the company in a report on Monday, June 17th. Jefferies Financial Group assumed coverage on Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 target price (up from $37.00) on shares of Life360 in a research note on Friday, August 9th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $39.75.

View Our Latest Analysis on Life360

Hedge Funds Weigh In On Life360

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

Life360 Trading Up 4.9 %

The stock’s 50 day moving average price is $33.18.

Life360 Company Profile

(Get Free Report)

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.

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