Life360 (NASDAQ:LIF) Issues Earnings Results

Life360 (NASDAQ:LIF) posted its quarterly earnings data on Monday. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.29 by $1.22, FiscalAI reports. The firm had revenue of $145.98 million for the quarter, compared to analysts’ expectations of $141.20 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%.

Life360 Price Performance

Shares of LIF stock traded up $1.14 during trading hours on Monday, reaching $53.79. The company’s stock had a trading volume of 1,275,673 shares, compared to its average volume of 978,971. Life360 has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The firm’s 50 day simple moving average is $58.39 and its 200-day simple moving average is $78.03. 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 company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 158.21 and a beta of 3.84.

Wall Street Analyst Weigh In

LIF has been the subject of several analyst reports. Wall Street Zen upgraded shares of Life360 from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson assumed coverage on shares of Life360 in a research report on Thursday, December 11th. They issued a “buy” rating and a $94.00 price target for the company. Stifel Nicolaus lowered their price objective on Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 27th. UBS Group dropped their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $115.00 price target on shares of Life360 in a research report on Tuesday, December 16th. One 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Transactions at Life360

In related news, CEO Lauren Antonoff sold 19,442 shares of Life360 stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the sale, the chief executive officer directly owned 305,385 shares of the company’s stock, valued at approximately $23,282,552.40. The trade was a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $77.22, for a total transaction of $241,312.50. Following the completion of the transaction, the director directly owned 12,110 shares of the company’s stock, valued at approximately $935,134.20. The trade was a 20.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 61,126 shares of company stock valued at $4,361,969.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Strs Ohio bought a new stake in shares of Life360 during the 1st quarter valued at about $157,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after buying an additional 378 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Life360 in the 2nd quarter valued at $150,000. Russell Investments Group Ltd. lifted its position in shares of Life360 by 63.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,381 shares of the company’s stock valued at $147,000 after acquiring an additional 538 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Life360 during the 2nd quarter valued at $137,000. 20.00% of the stock is currently owned by institutional investors.

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.