UBS Group Cuts Life360 (NASDAQ:LIF) Price Target to $75.00

Life360 (NASDAQ:LIF) had its price target trimmed by UBS Group from $110.00 to $75.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a 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. Citigroup restated a “buy” rating on shares of Life360 in a research note on Tuesday, January 27th. Wall Street Zen raised Life360 from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, DA Davidson initiated coverage on Life360 in a research report on Thursday, December 11th. They issued a “buy” rating and a $94.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.31.

Life360 Stock Up 0.1%

LIF stock opened at $44.91 on Tuesday. The company has a current ratio of 6.26, a quick ratio of 6.62 and a debt-to-equity ratio of 0.57. The firm has a 50 day simple moving average of $56.82 and a 200-day simple moving average of $77.06. The company has a market capitalization of $3.60 billion, a P/E ratio of 25.66 and a beta of 3.84. Life360 has a twelve month low of $29.62 and a twelve month high of $112.54.

Insider Buying and Selling

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $61.98, for a total value of $491,501.40. Following the sale, the director directly owned 105,456 shares in the company, valued at approximately $6,536,162.88. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Chris Hulls sold 1,846 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total transaction of $118,070.16. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 23,559 shares of company stock worth $1,525,548. Company insiders own 8.00% of the company’s stock.

Institutional Trading of Life360

Large investors have recently modified their holdings of the company. Citigroup Inc. raised its holdings in shares of Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after buying an additional 459,463 shares during the last quarter. Castleark Management LLC bought a new position in Life360 in the 2nd quarter worth approximately $5,518,000. Permanent Capital Management LP acquired a new stake in Life360 in the 3rd quarter valued at approximately $2,290,000. Federated Hermes Inc. increased its position in Life360 by 661.6% in the 2nd quarter. Federated Hermes Inc. now owns 371,461 shares of the company’s stock valued at $24,238,000 after acquiring an additional 322,688 shares during the period. Finally, Osaic Holdings Inc. raised its stake in Life360 by 8,595.9% during the 2nd quarter. Osaic Holdings Inc. now owns 44,784 shares of the company’s stock valued at $2,922,000 after acquiring an additional 44,269 shares in the last quarter. 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.