Life360 (NASDAQ:LIF) Upgraded to Buy at Wall Street Zen

Life360 (NASDAQ:LIF) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

LIF has been the subject of several other reports. DA Davidson began coverage on Life360 in a report on Thursday, December 11th. They set a “buy” rating and a $94.00 price target for the company. Citigroup restated a “buy” rating on shares of Life360 in a research note on Tuesday. Citizens Jmp lowered shares of Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. UBS Group reduced their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.31.

Life360 Trading Down 2.7%

NASDAQ:LIF opened at $57.29 on Friday. The company has a market capitalization of $4.49 billion, a PE ratio of 168.50 and a beta of 3.79. Life360 has a 52-week low of $29.62 and a 52-week high of $112.54. The stock’s 50 day moving average price is $66.38 and its 200 day moving average price is $81.27. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79.

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

Insider Activity

In other news, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $61.98, for a total transaction of $491,501.40. Following the sale, the director owned 105,456 shares of the company’s stock, valued at $6,536,162.88. The trade was a 6.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $77.22, for a total value of $241,312.50. Following the completion of the sale, the director owned 12,110 shares in the company, valued at approximately $935,134.20. This represents a 20.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 608,476 shares of company stock valued at $46,751,979 in the last quarter. Insiders own 8.00% of the company’s stock.

Institutional Trading of Life360

A number of institutional investors have recently bought and sold shares of LIF. Janney Montgomery Scott LLC purchased a new stake in shares of Life360 in the second quarter valued at $344,000. Wilson Asset Management International PTY Ltd. raised its stake in Life360 by 11.2% in the 2nd quarter. Wilson Asset Management International PTY Ltd. now owns 69,975 shares of the company’s stock valued at $4,566,000 after purchasing an additional 7,043 shares during the last quarter. Castleark Management LLC acquired a new position in Life360 in the 2nd quarter valued at about $5,518,000. Permanent Capital Management LP purchased a new position in Life360 in the 3rd quarter valued at about $2,290,000. Finally, Federated Hermes Inc. boosted its stake in shares of Life360 by 661.6% during the 2nd quarter. Federated Hermes Inc. now owns 371,461 shares of the company’s stock worth $24,238,000 after purchasing an additional 322,688 shares during the last quarter. 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.