Life360 (NASDAQ:LIF) Stock Rating Lowered by Wall Street Zen

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

Other equities research analysts have also issued research reports about the stock. DA Davidson assumed coverage on shares of Life360 in a research note on Thursday. They set a “buy” rating and a $94.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 8th. UBS Group reduced their target price on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Citigroup restated a “market outperform” rating on shares of Life360 in a research note on Tuesday, November 11th. Finally, Zacks Research cut Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.50.

Life360 Price Performance

Shares of Life360 stock opened at $67.57 on Friday. The business has a 50 day moving average of $85.86 and a 200 day moving average of $81.71. Life360 has a 52 week low of $29.62 and a 52 week high of $112.54. The company has a market cap of $5.30 billion, a PE ratio of 198.74 and a beta of 3.62. 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 released its quarterly earnings results 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 net margin of 6.46% and a return on equity of 7.95%. The business had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $119.26 million. As a group, equities research analysts forecast that Life360 will post -0.17 earnings per share for the current year.

Insider Activity

In related news, CEO Lauren Antonoff sold 19,442 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the completion of the transaction, the chief executive officer owned 305,385 shares of the company’s stock, valued at $23,282,552.40. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $76.93, for a total value of $610,054.90. Following the transaction, the director owned 105,456 shares of the company’s stock, valued at $8,112,730.08. The trade was a 6.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 601,939 shares of company stock valued at $46,929,140.

Hedge Funds Weigh In On Life360

Several institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its stake in Life360 by 824.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 239 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Life360 during the 3rd quarter valued at about $32,000. CWM LLC raised its holdings in Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after buying an additional 160 shares during the last quarter. IFP Advisors Inc bought a new position in shares of Life360 in the third quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Life360 by 1,663.3% in the third quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock worth $55,000 after buying an additional 499 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.