Life360, Inc. (NASDAQ:LIF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Life360, Inc. (NASDAQ:LIF) has received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $90.3125.

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a report on Monday, December 29th. Stifel Nicolaus reduced their price objective on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 27th. Citizens Jmp lowered shares of Life360 from a “market outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Citigroup reiterated a “buy” rating on shares of Life360 in a research report on Tuesday, January 27th. Finally, Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a research note on Sunday.

Insider Buying and Selling at Life360

In other Life360 news, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $77.22, for a total transaction of $241,312.50. Following the completion of the sale, the director directly owned 12,110 shares of the company’s stock, valued at approximately $935,134.20. This trade represents a 20.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $61.98, for a total value of $491,501.40. Following the completion of the transaction, the director owned 105,456 shares in the company, valued at $6,536,162.88. This trade represents a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 605,351 shares of company stock valued at $46,442,822.

Institutional Investors Weigh In On Life360

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in Life360 during the second quarter worth $344,000. Wilson Asset Management International PTY Ltd. lifted its holdings in Life360 by 11.2% in the second quarter. Wilson Asset Management International PTY Ltd. now owns 69,975 shares of the company’s stock valued at $4,566,000 after acquiring an additional 7,043 shares during the period. Castleark Management LLC acquired a new stake in Life360 in the second quarter valued at $5,518,000. Permanent Capital Management LP purchased a new stake in shares of Life360 during the 3rd quarter worth $2,290,000. Finally, Federated Hermes Inc. grew 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 period. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Trading Up 1.3%

NASDAQ LIF opened at $55.13 on Tuesday. The firm’s fifty day moving average price is $63.68 and its 200 day moving average price is $80.66. Life360 has a 12 month low of $29.62 and a 12 month high of $112.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 162.15 and a beta of 3.80.

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 the consensus estimate of $0.03 by $0.08. The company had revenue of $124.50 million during 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%. On average, sell-side analysts expect that Life360 will post -0.17 earnings per share for the current fiscal year.

Life360 Company Profile

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.