Life360 (NASDAQ:LIF) Rating Lowered to “Market Perform” at Citizens Jmp

Life360 (NASDAQ:LIF) was downgraded by stock analysts at Citizens Jmp from a “market outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports.

Several other research firms have also issued reports on LIF. DA Davidson assumed coverage on Life360 in a research note on Thursday, December 11th. They issued a “buy” rating and a $94.00 target price on the stock. Citigroup cut shares of Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday. Wall Street Zen downgraded shares of Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Zacks Research lowered shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus set a $92.00 target price on shares of Life360 in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Life360 has an average rating of “Moderate Buy” and a consensus target price of $93.63.

Life360 Trading Up 2.8%

NASDAQ:LIF opened at $64.53 on Monday. The firm has a 50-day simple moving average of $74.60 and a 200-day simple moving average of $81.94. Life360 has a one year low of $29.62 and a one year high of $112.54. The firm has a market cap of $5.06 billion, a P/E ratio of 189.79 and a beta of 3.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The firm had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. Equities analysts anticipate that Life360 will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $76.93, for a total value of $610,054.90. Following the completion of the transaction, the director owned 105,456 shares in the company, valued at $8,112,730.08. This trade represents a 6.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lauren Antonoff sold 19,442 shares of Life360 stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $76.24, for a total value of $1,482,258.08. Following the sale, the chief executive officer directly owned 305,385 shares of the company’s stock, valued at approximately $23,282,552.40. This represents a 5.99% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 613,022 shares of company stock valued at $47,501,677.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Life360 by 18.0% in the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after buying an additional 1,260,236 shares during the last quarter. Norges Bank acquired a new stake in Life360 during the 2nd quarter valued at approximately $60,369,000. Franklin Resources Inc. boosted its holdings in shares of Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after acquiring an additional 352,110 shares during the last quarter. Citigroup Inc. increased its stake in shares of Life360 by 158.4% in the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after acquiring an additional 459,463 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Life360 by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock worth $44,844,000 after acquiring an additional 137,997 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.