Brokerages Set Life360, Inc. (NASDAQ:LIF) Price Target at $63.94

Shares of Life360, Inc. (NASDAQ:LIF) have received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $63.9444.

LIF has been the topic of several recent analyst reports. Citigroup dropped their price target on Life360 from $68.50 to $68.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Evercore set a $68.00 price target on Life360 in a research report on Tuesday, May 12th. Bank of America initiated coverage on Life360 in a research report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price target on the stock. Weiss Ratings lowered Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

Life360 Stock Up 2.1%

NASDAQ:LIF opened at $41.70 on Thursday. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 24.10 and a beta of 2.81. Life360 has a 1-year low of $37.01 and a 1-year high of $112.54. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average price is $41.75 and its 200 day moving average price is $54.73.

Insider Transactions at Life360

In other Life360 news, Director Chris Hulls sold 16,105 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $45.51, for a total value of $732,938.55. Following the transaction, the director directly owned 399,809 shares of the company’s stock, valued at $18,195,307.59. This represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lauren Antonoff sold 17,153 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.86, for a total value of $769,483.58. Following the completion of the transaction, the chief executive officer directly owned 288,232 shares in the company, valued at approximately $12,930,087.52. The trade was a 5.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 67,037 shares of company stock valued at $2,859,432. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Life360

Several large investors have recently made changes to their positions in LIF. Vanguard Group Inc. boosted its stake in shares of Life360 by 18.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after acquiring an additional 1,260,236 shares in the last quarter. Norges Bank bought a new stake in shares of Life360 during the 4th quarter worth about $47,097,000. Citigroup Inc. boosted its stake in shares of Life360 by 158.4% during the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after acquiring an additional 459,463 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Life360 during the 3rd quarter worth about $44,632,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Life360 by 455.0% during the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock worth $18,918,000 after acquiring an additional 379,941 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

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.