Life360, Inc. (NASDAQ:LIF) Given Average Rating of “Moderate Buy” by Analysts

Life360, Inc. (NASDAQ:LIF) has earned an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $92.3125.

Several analysts have commented on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 target price on shares of Life360 in a research report on Tuesday, December 16th. UBS Group lowered their target price on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. Citigroup lowered their price objective on Life360 from $96.80 to $79.50 and set a “buy” rating on the stock in a report on Friday, January 9th. Finally, Citizens Jmp downgraded Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th.

Insider Buying and Selling

In related news, Director Chris Hulls sold 311,749 shares of Life360 stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $77.10, for a total value of $24,035,847.90. Following the transaction, the director owned 469,749 shares in the company, valued at $36,217,647.90. This trade represents a 39.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark Goines sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $74.19, for a total transaction of $1,112,850.00. Following the sale, the director owned 56,809 shares of the company’s stock, valued at $4,214,659.71. This trade represents a 20.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 613,022 shares of company stock valued at $47,174,802. 8.00% of the stock is owned by corporate insiders.

Institutional Trading of Life360

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Life360 by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after buying an additional 378 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Life360 by 12.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock worth $5,327,000 after acquiring an additional 15,420 shares during the last quarter. Strs Ohio bought a new position in Life360 during the first quarter worth $157,000. Rhumbline Advisers raised its stake in Life360 by 28.2% during the 1st quarter. Rhumbline Advisers now owns 16,217 shares of the company’s stock valued at $623,000 after purchasing an additional 3,566 shares during the last quarter. Finally, Cherrydale Wealth Management LLC bought a new stake in Life360 in the 2nd quarter valued at $268,000. Institutional investors own 20.00% of the company’s stock.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $59.79 on Friday. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 175.85 and a beta of 3.79. Life360 has a 1 year low of $29.62 and a 1 year high of $112.54. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $69.89 and a 200 day simple moving average of $81.72.

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

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.