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

Shares of Life360, Inc. (NASDAQ:LIF) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $63.9833.

Several research firms have weighed in on LIF. DA Davidson increased their target price on shares of Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Evercore set a $68.00 price target on shares of Life360 in a report on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research report on Tuesday, May 12th. Macquarie Infrastructure started coverage on Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price objective on the stock. Finally, Weiss Ratings lowered Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th.

Life360 Stock Up 1.0%

Shares of NASDAQ LIF opened at $54.34 on Friday. The stock has a market cap of $4.40 billion, a P/E ratio of 31.41 and a beta of 2.34. The firm has a 50 day moving average price of $46.51 and a 200 day moving average price of $49.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. Life360 has a 52-week low of $37.01 and a 52-week high of $112.54.

Insider Buying and Selling

In other news, Director Chris Hulls sold 16,042 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $47.07, for a total transaction of $755,096.94. Following the completion of the sale, the director owned 406,899 shares of the company’s stock, valued at $19,152,735.93. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $56.07, for a total transaction of $224,280.00. Following the sale, the director owned 24,431 shares in the company, valued at approximately $1,369,846.17. The trade was a 14.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 83,757 shares of company stock valued at $3,765,400. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Life360

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIF. Wilson Asset Management International PTY Ltd. boosted its holdings in shares of Life360 by 108.6% in the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company’s stock valued at $3,207,000 after buying an additional 26,028 shares during the last quarter. Greenspring Advisors LLC acquired a new position in Life360 during the fourth quarter worth $21,720,000. XY Capital Ltd acquired a new position in Life360 during the fourth quarter worth $6,063,000. Milford Funds Ltd. bought a new stake in Life360 during the fourth quarter worth $9,604,000. Finally, Hodges Capital Management Inc. raised its position in Life360 by 36.4% during the fourth quarter. Hodges Capital Management Inc. now owns 63,546 shares of the company’s stock worth $4,076,000 after acquiring an additional 16,972 shares in the last quarter. 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.