Citigroup Issues Pessimistic Forecast for Life360 (NASDAQ:LIF) Stock Price

Life360 (NASDAQ:LIF) had its price target decreased by equities research analysts at Citigroup from $96.80 to $79.50 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 22.69% from the company’s current price.

Several other research firms have also recently commented on LIF. Zacks Research cut shares of Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Citizens Jmp lowered shares of Life360 from a “market outperform” rating to a “market perform” rating in a research report on Monday. Stifel Nicolaus set a $92.00 price objective on Life360 in a report on Tuesday, December 9th. DA Davidson started coverage on Life360 in a research note on Thursday, December 11th. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, UBS Group dropped their price target on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.31.

Life360 Price Performance

Shares of LIF stock traded down $0.26 during midday trading on Friday, reaching $64.80. 73,136 shares of the company traded hands, compared to its average volume of 618,800. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The firm’s 50 day simple moving average is $73.33 and its two-hundred day simple moving average is $81.71. Life360 has a 1-year low of $29.62 and a 1-year high of $112.54. The firm has a market cap of $5.08 billion, a PE ratio of 190.59 and a beta of 3.79.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. On average, equities research analysts expect that Life360 will post -0.17 EPS for the current fiscal year.

Insider Transactions at Life360

In related news, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $68.30, for a total value of $541,619.00. Following the completion of the sale, the director directly owned 105,456 shares in the company, valued at approximately $7,202,644.80. This trade represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Philip Coghlan sold 3,125 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $77.22, for a total transaction of $241,312.50. Following the transaction, the director directly owned 12,110 shares in the company, valued at $935,134.20. This represents a 20.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 613,022 shares of company stock worth $47,501,677. 8.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

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