Life360 (NASDAQ:LIF) Price Target Raised to $62.00 at JMP Securities

Life360 (NASDAQ:LIF) had its target price increased by JMP Securities from $55.00 to $62.00 in a report issued on Monday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other brokerages have also recently commented on LIF. Loop Capital upped their price target on shares of Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. UBS Group increased their price objective on shares of Life360 from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Stifel Nicolaus cut their price objective on shares of Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Finally, Canaccord Genuity Group increased their price objective on shares of Life360 from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $53.63.

Life360 Stock Performance

NASDAQ LIF opened at $62.73 on Monday. Life360 has a 52-week low of $28.89 and a 52-week high of $65.79. The firm has a 50-day moving average of $51.06 and a 200-day moving average of $45.70. The stock has a market cap of $4.80 billion and a PE ratio of 697.00.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. The business had revenue of $103.62 million for the quarter, compared to analysts’ expectations of $101.48 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, analysts predict that Life360 will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Susan L. Stick sold 500 shares of Life360 stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $62.23, for a total value of $31,115.00. Following the transaction, the general counsel now owns 110,809 shares in the company, valued at $6,895,644.07. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $34.39, for a total transaction of $106,746.56. Following the transaction, the chief financial officer now owns 208,395 shares in the company, valued at $7,166,704.05. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,959 shares of company stock valued at $2,164,266. Company insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in shares of Life360 by 83.6% during the 4th quarter. Rhumbline Advisers now owns 12,651 shares of the company’s stock valued at $522,000 after purchasing an additional 5,762 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in Life360 during the 4th quarter valued at about $2,083,000. New York State Common Retirement Fund purchased a new stake in shares of Life360 in the 4th quarter worth approximately $25,000. Ieq Capital LLC purchased a new stake in shares of Life360 in the 4th quarter worth approximately $4,340,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Life360 by 1,007.8% in the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company’s stock worth $5,397,000 after purchasing an additional 118,974 shares during the period. Institutional investors own 20.00% of the company’s stock.

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.