Life360 (NASDAQ:LIF) Trading Down 9.9%

Posted by Tyrone Williams on Aug 5th, 2024

Life360, Inc. (NASDAQ:LIF – Get Free Report) shares traded down 9.9% during mid-day trading on Monday . The company traded as low as $29.41 and last traded at $29.60. 41,890 shares were traded during trading, a decline of 82% from the average session volume of 229,827 shares. The stock had previously closed at $32.86.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Life360 in a research report on Tuesday, July 2nd. They set a “buy” rating and a $37.00 price target on the stock. Canaccord Genuity Group upgraded Life360 to a “strong-buy” rating in a report on Monday, June 17th. Evercore ISI upgraded Life360 to a “strong-buy” rating and set a $37.00 price objective on the stock in a research note on Monday, June 17th. UBS Group upgraded Life360 to a “hold” rating and set a $32.00 target price on the stock in a report on Monday, June 17th. Finally, Loop Capital upgraded Life360 to a “strong-buy” rating and set a $36.00 price target for the company in a report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $37.14.

Read Our Latest Stock Analysis on Life360

Life360 Stock Performance

Institutional Investors Weigh In On Life360

An institutional investor recently bought a new position in Life360 stock. XY Capital Ltd purchased a new position in shares of Life360, Inc. (NASDAQ:LIF – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,330 shares of the company’s stock, valued at approximately $205,000. Life360 makes up about 0.1% of XY Capital Ltd’s holdings, making the stock its 23rd biggest position.

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.