Life360 (NASDAQ:LIF) Given New $95.00 Price Target at Evercore ISI

Life360 (NASDAQ:LIF) had its price objective boosted by Evercore ISI from $55.00 to $95.00 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

LIF has been the topic of a number of other reports. Loop Capital upped their price target on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Citigroup initiated coverage on shares of Life360 in a report on Thursday, July 31st. They issued a “buy” rating and a $90.00 price target on the stock. UBS Group upped their price target on shares of Life360 from $57.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, June 16th. JMP Securities upped their price objective on shares of Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Finally, Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.43.

Life360 Trading Up 13.3%

NASDAQ LIF opened at $83.55 on Tuesday. The company’s 50-day moving average price is $68.40 and its 200-day moving average price is $53.00. The stock has a market cap of $6.39 billion, a PE ratio of 261.10 and a beta of 3.46. Life360 has a 12 month low of $29.62 and a 12 month high of $84.02.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The firm had revenue of $115.38 million for the quarter, compared to analysts’ expectations of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.70%. As a group, sell-side analysts forecast that Life360 will post -0.17 earnings per share for the current year.

Insider Buying and Selling

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $75.87, for a total transaction of $235,500.48. Following the completion of the sale, the chief financial officer directly owned 196,418 shares of the company’s stock, valued at approximately $14,902,233.66. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $73.56, for a total transaction of $229,875.00. Following the sale, the director directly owned 12,500 shares of the company’s stock, valued at approximately $919,500. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,793 shares of company stock valued at $7,156,984 over the last quarter.

Institutional Trading of Life360

Hedge funds have recently modified their holdings of the company. Keystone Financial Group Inc. purchased a new stake in shares of Life360 during the second quarter valued at about $62,000. Summit Investment Advisors Inc. lifted its position in shares of Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after buying an additional 484 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Life360 by 53.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company’s stock valued at $107,000 after buying an additional 570 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock valued at $84,000 after buying an additional 2,116 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock valued at $84,000 after buying an additional 1,978 shares during the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

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.