Life360 (NASDAQ:LIF) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Life360 (NASDAQ:LIF) from a hold rating to a buy rating in a report released on Saturday.

Several other research analysts have also recently issued reports on LIF. Zacks Research cut shares of Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. Citizens Jmp downgraded Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 price target on shares of Life360 in a report on Tuesday, December 16th. Finally, UBS Group decreased their price target on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Life360 Stock Up 1.0%

Shares of Life360 stock opened at $52.65 on Friday. The company has a market cap of $4.13 billion, a P/E ratio of 154.85 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 has a one year low of $29.62 and a one year high of $112.54. The firm has a fifty day moving average of $58.39 and a two-hundred day moving average of $78.10.

Insider Activity at Life360

In other news, Director Alex Haro sold 1,887 shares of Life360 stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total transaction of $120,692.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Synge sold 3,966 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total transaction of $253,665.36. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 161,126 shares of company stock valued at $12,006,969 in the last 90 days. 8.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LIF. CWM LLC raised its position in shares of Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares during the last quarter. SBI Securities Co. Ltd. increased 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 buying an additional 239 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Life360 by 0.4% in the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock worth $4,026,000 after acquiring an additional 254 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in shares of Life360 by 8.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock worth $232,000 after acquiring an additional 273 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Life360 by 21.1% in the fourth quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock valued at $107,000 after acquiring an additional 292 shares in the last quarter. 20.00% of the stock is 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.