Life360, Inc. (NASDAQ:LIF) Given Consensus Rating of “Buy” by Brokerages

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $39.75.

Several equities analysts recently weighed in on LIF shares. JMP Securities upped their price target on shares of Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, August 9th. Jefferies Financial Group assumed coverage on Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 target price (up from $37.00) on shares of Life360 in a report on Friday, August 9th. Loop Capital upped their price target on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Canaccord Genuity Group raised shares of Life360 to a “strong-buy” rating in a research report on Monday, June 17th.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently made changes to their positions in LIF. Regal Partners Ltd bought a new position in Life360 during the 2nd quarter worth approximately $23,635,000. Millennium Management LLC acquired a new position in Life360 in the second quarter worth $11,861,000. Emerald Advisers LLC bought a new stake in Life360 during the second quarter valued at $6,777,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Life360 during the second quarter worth $5,488,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Life360 in the 2nd quarter valued at about $405,000.

Life360 Stock Up 0.1 %

Shares of NASDAQ:LIF opened at $39.43 on Tuesday. The stock’s 50-day moving average price is $34.28. Life360 has a 12 month low of $26.00 and a 12 month high of $41.17.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The firm had revenue of $84.86 million for the quarter, compared to analyst estimates of $85.00 million. Research analysts predict that Life360 will post -0.29 EPS for the current fiscal year.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.