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

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $93.6250.

LIF has been the topic of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $115.00 target price on shares of Life360 in a report on Tuesday, December 16th. UBS Group dropped their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 22nd. DA Davidson began coverage on shares of Life360 in a research note on Thursday, December 11th. They set a “buy” rating and a $94.00 target price for the company. Finally, Zacks Research cut shares of Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th.

Insider Buying and Selling

In other news, Director Alex Haro sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $76.45, for a total transaction of $7,645,000.00. Following the completion of the sale, the director directly owned 861,315 shares of the company’s stock, valued at $65,847,531.75. This trade represents a 10.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chris Hulls sold 311,749 shares of Life360 stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $77.10, for a total value of $24,035,847.90. Following the sale, the director owned 469,749 shares of the company’s stock, valued at approximately $36,217,647.90. This represents a 39.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 613,022 shares of company stock worth $47,501,677.

Institutional Trading of Life360

Several large investors have recently added to or reduced their stakes in LIF. Vanguard Group Inc. raised its holdings in shares of Life360 by 18.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after purchasing an additional 1,260,236 shares in the last quarter. Norges Bank acquired a new position in Life360 during the second quarter worth $60,369,000. Citigroup Inc. raised its holdings in Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after buying an additional 459,463 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Life360 in the third quarter worth about $44,632,000. Finally, Franklin Resources Inc. boosted its stake in shares of Life360 by 86.3% during the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after acquiring an additional 352,110 shares in the last quarter. 20.00% of the stock is owned by institutional investors.

Life360 Stock Performance

Shares of Life360 stock opened at $66.37 on Monday. Life360 has a 12 month low of $29.62 and a 12 month high of $112.54. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79. The stock has a market cap of $5.20 billion, a PE ratio of 195.21 and a beta of 3.62. The business has a fifty day simple moving average of $78.50 and a 200-day simple moving average of $81.82.

Life360 (NASDAQ:LIF) last posted 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 return on equity of 7.95% and a net margin of 6.46%.The firm had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. On average, sell-side analysts anticipate that Life360 will post -0.17 EPS for the current fiscal year.

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.