Analysts Set Life360, Inc. (NASDAQ:LIF) Price Target at $63.98

Shares of Life360, Inc. (NASDAQ:LIF) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $64.65.

A number of analysts have weighed in on LIF shares. DA Davidson upped their target price on Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Bank of America lifted their price target on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday. Citigroup boosted their price target on Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research report on Monday, July 6th. Evercore set a $68.00 price objective on Life360 in a research note on Tuesday, May 12th. Finally, Wall Street Zen downgraded Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

Life360 Trading Down 0.7%

NASDAQ LIF opened at $55.17 on Friday. Life360 has a one year low of $37.01 and a one year high of $112.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 31.89 and a beta of 2.34. The company’s 50-day simple moving average is $47.56 and its two-hundred day simple moving average is $49.17.

Insider Activity

In other news, Director Chris Hulls sold 16,042 shares of Life360 stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $47.07, for a total value of $755,096.94. Following the transaction, the director owned 406,899 shares of the company’s stock, valued at $19,152,735.93. The trade was a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $56.07, for a total transaction of $224,280.00. Following the sale, the director directly owned 24,431 shares of the company’s stock, valued at $1,369,846.17. The trade was a 14.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 57,006 shares of company stock valued at $2,614,066. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently made changes to their positions in LIF. Handelsbanken Fonder AB raised its stake in Life360 by 2.4% in the second quarter. Handelsbanken Fonder AB now owns 25,300 shares of the company’s stock valued at $1,401,000 after buying an additional 600 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Life360 by 44.0% in the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after acquiring an additional 569 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Life360 during the first quarter worth about $76,000. Bank of America Corp DE grew its stake in shares of Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock worth $16,626,000 after acquiring an additional 308,632 shares during the last quarter. Finally, Amundi acquired a new position in shares of Life360 during the first quarter valued at about $206,000. Hedge funds and other 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.