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

Life360 (NASDAQ:LIF) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Several other research firms have also recently commented on LIF. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 price target on shares of Life360 in a research note on Tuesday, December 16th. DA Davidson initiated coverage on Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 price objective on the stock. 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. Finally, Stifel Nicolaus decreased their target price on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 27th. One 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Life360 Price Performance

LIF opened at $55.13 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The stock has a market capitalization of $4.32 billion, a PE ratio of 162.15 and a beta of 3.80. The stock’s 50 day moving average price is $63.68 and its 200-day moving average price is $80.66. Life360 has a 52-week low of $29.62 and a 52-week high of $112.54.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The company had revenue of $124.50 million during 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 predict that Life360 will post -0.17 EPS 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 Monday, December 15th. The shares were sold at an average price of $68.30, for a total value of $541,619.00. Following the transaction, the director owned 105,456 shares of the company’s stock, valued at $7,202,644.80. 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 605,351 shares of company stock valued at $46,442,822.

Hedge Funds Weigh In On Life360

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Life360 by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock valued at $74,372,000 after acquiring an additional 85,857 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Life360 by 1.3% in the fourth quarter. Legal & General Group Plc now owns 70,709 shares of the company’s stock worth $4,535,000 after purchasing an additional 875 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new position in shares of Life360 during the fourth quarter valued at $459,000. Jefferies Financial Group Inc. bought a new position in shares of Life360 during the fourth quarter valued at $209,000. Finally, Mizuho Markets Americas LLC boosted its position in shares of Life360 by 6.9% during the fourth quarter. Mizuho Markets Americas LLC now owns 120,819 shares of the company’s stock valued at $7,749,000 after buying an additional 7,787 shares during the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

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.