Life360 (NASDAQ:LIF) Shares Gap Up – Time to Buy?

Life360, Inc. (NASDAQ:LIF) gapped up before the market opened on Wednesday . The stock had previously closed at $41.23, but opened at $46.25. Life360 shares last traded at $45.1650, with a volume of 245,715 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LIF. Citigroup restated a “buy” rating on shares of Life360 in a research note on Tuesday, January 27th. UBS Group decreased their price objective on Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Citizens Jmp cut Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. DA Davidson cut Life360 from a “buy” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $40.00 in a research note on Thursday, March 19th. Finally, Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.56.

Life360 Stock Performance

The stock has a market capitalization of $3.52 billion, a PE ratio of 25.09 and a beta of 3.90. The company has a quick ratio of 6.16, a current ratio of 6.26 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average price of $47.24 and a 200-day moving average price of $68.41.

Insider Transactions at Life360

In other news, CEO Lauren Antonoff sold 17,153 shares of the firm’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 $12,930,087.52. This trade represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Chris Hulls sold 15,133 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.43, for a total value of $596,694.19. Following the completion of the transaction, the director owned 334,319 shares of the company’s stock, valued at approximately $13,182,198.17. The trade was a 4.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 44,216 shares of company stock valued at $2,022,959. 8.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LIF. Strive Financial Group LLC purchased a new position in shares of Life360 in the fourth quarter worth about $26,000. SBI Securities Co. Ltd. raised its stake in shares of Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 239 shares during the last quarter. MCF Advisors LLC purchased a new position in Life360 during the fourth quarter valued at approximately $32,000. NewEdge Advisors LLC purchased a new position in Life360 during the third quarter valued at approximately $32,000. Finally, CWM LLC raised its position in Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after acquiring an additional 160 shares in the last quarter. 20.00% of the stock is currently 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.