Life360 (NASDAQ:LIF) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Life360 (NASDAQ:LIF) announced its quarterly earnings data on Monday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02), FiscalAI reports. Life360 had a net margin of 28.21% and a return on equity of 6.80%. The company had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million.

Life360 Price Performance

NASDAQ LIF traded up $1.42 during trading on Monday, reaching $64.61. 1,108,347 shares of the company traded hands, compared to its average volume of 1,020,143. Life360 has a 1-year low of $37.01 and a 1-year high of $112.54. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 37.35 and a beta of 2.35. The stock’s 50 day moving average price is $52.43 and its two-hundred day moving average price is $48.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37.

Insider Buying and Selling

In related news, Director Chris Hulls sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $63.34, for a total transaction of $1,710,180.00. Following the completion of the transaction, the director owned 419,554 shares in the company, valued at $26,574,550.36. This trade represents a 6.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brit Morin sold 10,701 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $642,060.00. Following the completion of the sale, the director directly owned 20,157 shares in the company, valued at approximately $1,209,420. This represents a 34.68% 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 quarter, insiders sold 94,707 shares of company stock valued at $5,008,946. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of Life360 by 86.3% in the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after acquiring an additional 352,110 shares during the last quarter. Invesco Ltd. grew its position in Life360 by 171.3% during the 3rd quarter. Invesco Ltd. now owns 444,923 shares of the company’s stock worth $47,295,000 after acquiring an additional 280,953 shares during the last quarter. BNP Paribas Financial Markets grew its position in Life360 by 19,023.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 232,348 shares of the company’s stock worth $15,161,000 after acquiring an additional 231,133 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Life360 during the 4th quarter valued at $14,732,000. Finally, Renaissance Technologies LLC increased its holdings in Life360 by 188.0% during the 4th quarter. Renaissance Technologies LLC now owns 227,800 shares of the company’s stock valued at $14,611,000 after purchasing an additional 148,700 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

LIF has been the topic of several research reports. Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group set a $72.00 price objective on Life360 in a report on Tuesday, May 12th. UBS Group lowered their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Bank of America upped their target price on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley began coverage on Life360 in a research report on Tuesday, July 21st. They issued an “overweight” rating and a $66.24 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Life360 currently has an average rating of “Moderate Buy” and a consensus target price of $64.81.

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.