Life360, Inc. (NASDAQ:LIF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Life360, Inc. (NASDAQ:LIF) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $92.3125.

LIF has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. DA Davidson initiated coverage on Life360 in a research note on Thursday, December 11th. They set a “buy” rating and a $94.00 price target for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. Canaccord Genuity Group restated a “buy” rating and issued a $115.00 price objective on shares of Life360 in a report on Tuesday, December 16th. Finally, Stifel Nicolaus set a $92.00 target price on Life360 in a research note on Tuesday, December 9th.

Life360 Price Performance

Shares of LIF opened at $59.79 on Friday. Life360 has a one year low of $29.62 and a one year high of $112.54. The stock’s fifty day moving average is $69.89 and its 200-day moving average is $81.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 175.85 and a beta of 3.79.

Life360 (NASDAQ:LIF) last announced its earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The firm had revenue of $124.50 million during the quarter, compared to analyst estimates of $119.26 million. Equities analysts anticipate that Life360 will post -0.17 EPS for the current year.

Insider Activity at Life360

In other Life360 news, Director Chris Hulls sold 311,749 shares of Life360 stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $77.10, for a total value of $24,035,847.90. Following the transaction, the director owned 469,749 shares in the company, valued at approximately $36,217,647.90. The trade was a 39.89% 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 Mark Goines sold 15,000 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $74.19, for a total value of $1,112,850.00. Following the sale, the director owned 56,809 shares of the company’s stock, valued at $4,214,659.71. This trade represents a 20.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 613,022 shares of company stock worth $47,174,802. Company insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently bought and sold shares of LIF. CWM LLC increased its holdings in shares of Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 239 shares during the period. California State Teachers Retirement System grew its position in Life360 by 0.4% during the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after purchasing an additional 254 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Life360 during the third quarter valued at approximately $32,000. Finally, The Manufacturers Life Insurance Company increased its stake in 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 buying an additional 343 shares during the period. 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.