Life360 (NASDAQ:LIF) Price Target Raised to $95.00 at JMP Securities

Life360 (NASDAQ:LIF) had its target price upped by JMP Securities from $62.00 to $95.00 in a report published on Tuesday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Several other research firms also recently commented on LIF. Loop Capital boosted their target price on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Wall Street Zen downgraded shares of Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. UBS Group boosted their target price on shares of Life360 from $57.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Stifel Nicolaus boosted their target price on shares of Life360 from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Citigroup initiated coverage on shares of Life360 in a research report on Thursday, July 31st. They set a “buy” rating and a $90.00 target price for the company. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Life360 presently has a consensus rating of “Moderate Buy” and an average price target of $86.43.

Life360 Trading Up 13.3%

LIF opened at $83.55 on Tuesday. Life360 has a 1-year low of $29.62 and a 1-year high of $84.02. The company has a market cap of $6.39 billion, a P/E ratio of 261.10 and a beta of 3.46. The company has a fifty day moving average price of $68.40 and a two-hundred day moving average price of $53.00.

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

Insiders Place Their Bets

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $64.41, for a total value of $510,771.30. Following the transaction, the director directly owned 105,456 shares in the company, valued at $6,792,420.96. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Lauren Antonoff sold 4,546 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $75.69, for a total transaction of $344,086.74. Following the sale, the chief operating officer owned 307,778 shares in the company, valued at $23,295,716.82. The trade was a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 112,793 shares of company stock worth $7,156,984 in the last ninety days.

Hedge Funds Weigh In On Life360

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock valued at $218,194,000 after purchasing an additional 5,540,302 shares during the last quarter. Millennium Management LLC lifted its position in Life360 by 9.2% during the 4th quarter. Millennium Management LLC now owns 1,114,922 shares of the company’s stock valued at $46,013,000 after acquiring an additional 94,077 shares during the period. Bank of New York Mellon Corp lifted its position in Life360 by 25.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock valued at $44,844,000 after acquiring an additional 137,997 shares during the period. Marshall Wace LLP lifted its position in Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock valued at $16,975,000 after acquiring an additional 190,422 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in Life360 by 7.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 326,549 shares of the company’s stock valued at $12,536,000 after acquiring an additional 23,156 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.