Life360’s (LIF) Market Perform Rating Reaffirmed at Citizens Jmp

Citizens Jmp reaffirmed their market perform rating on shares of Life360 (NASDAQ:LIF) in a research report sent to investors on Monday, Marketbeat Ratings reports.

A number of other equities analysts have also recently weighed in on the company. DA Davidson initiated coverage on Life360 in a report on Thursday, December 11th. They set a “buy” rating and a $94.00 price target for the company. Stifel Nicolaus set a $92.00 target price on shares of Life360 in a research report on Tuesday, December 9th. UBS Group dropped their price target on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of Life360 from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of Life360 in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.63.

Life360 Stock Performance

Life360 stock opened at $62.75 on Monday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 184.56 and a beta of 3.79. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The firm has a 50 day simple moving average of $75.26 and a 200-day simple moving average of $81.92. Life360 has a 1-year low of $29.62 and a 1-year high of $112.54.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The firm had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. On average, analysts expect that Life360 will post -0.17 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Lauren Antonoff sold 19,442 shares of Life360 stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $76.24, for a total value of $1,482,258.08. Following the completion of the transaction, the chief executive officer owned 305,385 shares in the company, valued at approximately $23,282,552.40. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alex Haro sold 100,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $76.45, for a total transaction of $7,645,000.00. Following the sale, the director owned 861,315 shares in the company, valued at approximately $65,847,531.75. This trade represents a 10.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 613,022 shares of company stock valued at $47,501,677.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC grew its stake in shares of Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after buying an additional 239 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Life360 by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock worth $4,026,000 after acquiring an additional 254 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Life360 in the 3rd quarter valued at about $32,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Life360 by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after acquiring an additional 343 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.