Life360 (NASDAQ:LIF) Stock Rating Lowered by Wall Street Zen

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

A number of other equities analysts have also recently weighed in on LIF. Zacks Research cut Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 price target on shares of Life360 in a research report on Tuesday, December 16th. 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 note on Tuesday, November 11th. Finally, DA Davidson started coverage on shares of Life360 in a report on Thursday, December 11th. They issued a “buy” rating and a $94.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.31.

Life360 Stock Up 3.0%

Shares of NASDAQ LIF opened at $54.41 on Friday. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79. Life360 has a 52-week low of $29.62 and a 52-week high of $112.54. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 160.03 and a beta of 3.79. The company’s 50-day simple moving average is $64.08 and its 200-day simple moving average is $80.76.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping 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 business had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Equities analysts predict that Life360 will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at Life360

In other news, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $61.98, for a total value of $491,501.40. Following the completion of the transaction, the director owned 105,456 shares of the company’s stock, valued at approximately $6,536,162.88. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Synge sold 3,966 shares of Life360 stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total transaction of $253,665.36. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 605,351 shares of company stock valued at $46,442,822. Corporate insiders own 8.00% of the company’s stock.

Institutional Trading of Life360

A number of large investors have recently modified their holdings of LIF. Vanguard Group Inc. boosted its holdings in Life360 by 18.0% in the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after purchasing an additional 1,260,236 shares during the period. Norges Bank acquired a new stake in Life360 in the 2nd quarter valued at about $60,369,000. Franklin Resources Inc. raised its position in Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after purchasing an additional 352,110 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Life360 by 158.4% in the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after buying an additional 459,463 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Life360 by 25.1% during the second quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock worth $44,844,000 after buying an additional 137,997 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.