Life360 (NASDAQ:LIF) Cut to Hold at Wall Street Zen

Life360 (NASDAQ:LIF) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

A number of other equities analysts also recently issued reports on LIF. Stifel Nicolaus lowered their price target on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 27th. Citizens Jmp cut shares of Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. Canaccord Genuity Group reduced their price objective on shares of Life360 from $115.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a report on Monday, December 29th. Finally, UBS Group dropped their target price on shares of Life360 from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Life360 currently has a consensus rating of “Moderate Buy” and an average target price of $83.31.

Life360 Trading Up 0.4%

LIF opened at $45.08 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.62 and a current ratio of 6.26. Life360 has a one year low of $29.62 and a one year high of $112.54. The company has a market cap of $3.62 billion, a P/E ratio of 25.76 and a beta of 3.84. The business’s 50-day simple moving average is $56.39 and its 200-day simple moving average is $76.71.

Insider Transactions at Life360

In other Life360 news, Director Chris Hulls sold 1,846 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $118,070.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alex Haro sold 1,887 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total value of $120,692.52. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 23,559 shares of company stock worth $1,525,548. 8.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life360

A number of institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 purchasing an additional 378 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Life360 by 12.5% during the 1st 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 purchasing an additional 15,420 shares during the last quarter. Strs Ohio purchased a new position in Life360 during the 1st quarter worth $157,000. Bank of New York Mellon Corp increased its stake in Life360 by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock valued at $44,844,000 after purchasing an additional 137,997 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Life360 in the second quarter valued at $559,000. 20.00% of the stock is owned by institutional investors and hedge funds.

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.