Life360 (NASDAQ:LIF) Upgraded at Wall Street Zen

Life360 (NASDAQ:LIF) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

LIF has been the topic of several other research reports. UBS Group reduced their price target on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a report on Monday, December 29th. Citigroup restated a “buy” rating on shares of Life360 in a research note on Tuesday. 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. Finally, Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Life360 Stock Down 2.7%

Life360 stock opened at $57.29 on Friday. The company has a market capitalization of $4.49 billion, a PE ratio of 168.50 and a beta of 3.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. Life360 has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The firm has a 50 day moving average price of $66.38 and a 200 day moving average price of $81.27.

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

Insiders Place Their Bets

In related news, Director Alex Haro sold 1,887 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $120,692.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $61.98, for a total value of $491,501.40. Following the sale, the director directly owned 105,456 shares of the company’s stock, valued at $6,536,162.88. This trade represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 608,476 shares of company stock worth $46,751,979. 8.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after purchasing an additional 239 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Life360 during the 3rd quarter worth approximately $32,000. CWM LLC boosted 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 buying an additional 160 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Life360 in the 3rd quarter valued at $47,000. Finally, Jones Financial Companies Lllp grew its position in shares of Life360 by 1,663.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after buying an additional 499 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

About Life360

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.