Life360 (NASDAQ:LIF) Lowered to “Market Perform” Rating by Citizens Jmp

Life360 (NASDAQ:LIF) was downgraded by stock analysts at Citizens Jmp from an “outperform” rating to a “market perform” rating in a research note issued on Monday.

A number of other equities analysts also recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research note on Monday, December 29th. DA Davidson assumed coverage on Life360 in a research note on Thursday, December 11th. They issued a “buy” rating and a $94.00 price target for the company. Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 price objective on shares of Life360 in a report on Tuesday, December 16th. Finally, Zacks Research downgraded shares of Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.63.

Life360 Stock Up 0.3%

NASDAQ:LIF opened at $64.36 on Monday. The stock has a 50-day simple moving average of $75.96 and a 200 day simple moving average of $81.92. Life360 has a 52-week low of $29.62 and a 52-week high of $112.54. The company has a market cap of $5.05 billion, a PE ratio of 189.29 and a beta of 3.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.03 by $0.08. The firm had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. On average, sell-side analysts expect that Life360 will post -0.17 EPS for the current fiscal year.

Insider Activity at Life360

In other Life360 news, Director Alex Haro sold 100,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $76.45, for a total value of $7,645,000.00. Following the transaction, the director directly owned 861,315 shares in the company, valued at $65,847,531.75. The trade was a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles J. Prober sold 7,930 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $76.93, for a total transaction of $610,054.90. Following the completion of the transaction, the director directly owned 105,456 shares in the company, valued at $8,112,730.08. The trade was a 6.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 613,022 shares of company stock worth $47,501,677 in the last three months. 8.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LIF. SBI Securities Co. Ltd. lifted its position in Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after acquiring an additional 239 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Life360 in the third quarter valued at approximately $32,000. CWM LLC increased its stake in shares of Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares during the period. IFP Advisors Inc acquired a new stake in Life360 during the 3rd quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp boosted its stake in Life360 by 1,663.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after purchasing an additional 499 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

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.