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

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

Other analysts also recently issued research reports about the company. Citigroup reiterated a “buy” rating on shares of Life360 in a research note on Tuesday, January 27th. Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 price target on shares of Life360 in a report on Tuesday, December 16th. Stifel Nicolaus reduced their price objective on shares of Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 27th. Citizens Jmp downgraded shares of Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. Finally, DA Davidson initiated coverage on shares of Life360 in a report on Thursday, December 11th. They issued a “buy” rating and a $94.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.31.

Life360 Stock Up 1.0%

LIF stock opened at $52.65 on Friday. The firm has a market cap of $4.13 billion, a PE ratio of 154.85 and a beta of 3.79. Life360 has a 1 year low of $29.62 and a 1 year high of $112.54. The company has a fifty day simple moving average of $58.39 and a 200 day simple moving average of $78.14. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79.

Insider Transactions at Life360

In other news, Director Alex Haro sold 100,000 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 861,315 shares in the company, valued at $65,847,531.75. The trade was a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $68.30, for a total transaction of $541,619.00. Following the completion of the transaction, the director directly owned 105,456 shares in the company, valued at $7,202,644.80. This trade represents a 6.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 161,126 shares of company stock valued at $12,006,969. 8.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after buying an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Life360 by 12.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock worth $5,327,000 after acquiring an additional 15,420 shares in the last quarter. Strs Ohio acquired a new position in Life360 during the first quarter valued at approximately $157,000. Regal Partners Ltd bought a new position in Life360 in the second quarter valued at approximately $326,000. Finally, Bank of New York Mellon Corp increased its position in shares of Life360 by 25.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock worth $44,844,000 after purchasing an additional 137,997 shares during the last quarter. Institutional investors and hedge funds 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.