Life360, Inc. (NASDAQ:LIF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have issued a buy recommendation and one has given 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 $63.9444.

A number of equities analysts have recently commented on the company. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research report on Tuesday, May 12th. DA Davidson reissued a “neutral” rating and set a $40.00 price objective on shares of Life360 in a research report on Wednesday, May 13th. Bank of America assumed coverage on Life360 in a research report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price objective for the company. Macquarie Infrastructure started coverage on Life360 in a research report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price objective for the company. Finally, Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th.

Life360 Stock Performance

Shares of Life360 stock opened at $45.25 on Monday. Life360 has a one year low of $37.01 and a one year high of $112.54. The company has a market cap of $3.67 billion, a PE ratio of 26.16 and a beta of 2.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. The business has a 50-day simple moving average of $43.06 and a 200-day simple moving average of $52.21.

Insiders Place Their Bets

In related news, Director John Philip Coghlan sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $43.99, for a total value of $175,960.00. Following the completion of the transaction, the director directly owned 28,431 shares of the company’s stock, valued at $1,250,679.69. This represents a 12.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $37.27, for a total value of $295,551.10. Following the completion of the transaction, the director directly owned 105,456 shares of the company’s stock, valued at $3,930,345.12. 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 70,263 shares of company stock valued at $2,926,637. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strive Financial Group LLC acquired a new position in Life360 in the fourth quarter valued at approximately $26,000. MCF Advisors LLC acquired a new position in Life360 in the fourth quarter valued at approximately $32,000. NewEdge Advisors LLC acquired a new position in Life360 in the third quarter valued at approximately $32,000. IFP Advisors Inc acquired a new position in Life360 in the third quarter valued at approximately $47,000. Finally, Jones Financial Companies Lllp boosted its holdings in Life360 by 1,663.3% in the third quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after purchasing an additional 499 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.