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

Life360, Inc. (NASDAQ:LIF) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $86.4286.

A number of brokerages have issued reports on LIF. Canaccord Genuity Group raised their target price on Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Wall Street Zen raised Life360 from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group reissued a “buy” rating and set a $85.00 price objective (up from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. JMP Securities raised their price objective on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 12th. Finally, Citigroup assumed coverage on Life360 in a research report on Thursday, July 31st. They set a “buy” rating and a $90.00 price objective for the company.

Insider Transactions at Life360

In other Life360 news, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $61.03, for a total value of $190,718.75. Following the completion of the transaction, the director directly owned 29,778 shares of the company’s stock, valued at $1,817,351.34. The trade was a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles J. Prober sold 7,942 shares of Life360 stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $61.63, for a total value of $489,465.46. Following the completion of the transaction, the director directly owned 105,456 shares of the company’s stock, valued at approximately $6,499,253.28. This represents a 7.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,723 shares of company stock valued at $7,824,134.

Hedge Funds Weigh In On Life360

Several institutional investors have recently bought and sold shares of LIF. Castleark Management LLC acquired a new position in shares of Life360 during the second quarter worth about $5,518,000. FORA Capital LLC acquired a new position in shares of Life360 during the second quarter worth about $1,145,000. Tower Research Capital LLC TRC grew its position in shares of Life360 by 6,172.0% during the second quarter. Tower Research Capital LLC TRC now owns 21,764 shares of the company’s stock worth $1,420,000 after buying an additional 21,417 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of Life360 during the second quarter worth about $150,000. Finally, Vident Advisory LLC acquired a new position in shares of Life360 during the second quarter worth about $232,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Stock Up 2.1%

NASDAQ LIF opened at $87.20 on Tuesday. The business has a fifty day moving average price of $70.18 and a 200 day moving average price of $54.17. Life360 has a one year low of $29.62 and a one year high of $89.80. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. The company has a market cap of $6.76 billion, a P/E ratio of 272.51 and a beta of 3.46.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. Life360 had a return on equity of 7.65% and a net margin of 6.45%. The business had revenue of $115.38 million during the quarter, compared to the consensus estimate of $109.33 million. Research analysts anticipate that Life360 will post -0.17 EPS for the current fiscal year.

About Life360

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.