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

Life360, Inc. (NASDAQ:LIF) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $76.5625.

LIF has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a report on Friday. DA Davidson lowered Life360 from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $40.00 in a report on Thursday, March 19th. Citizens Jmp cut Life360 from a “market outperform” rating to a “market perform” rating in a research report on Monday, January 5th. UBS Group cut their price target on Life360 from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th.

Insider Buying and Selling at Life360

In other Life360 news, 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 transaction, the director owned 105,456 shares in the company, valued at $6,536,162.88. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lauren Antonoff sold 17,153 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $44.86, for a total transaction of $769,483.58. Following the sale, the chief executive officer directly owned 288,232 shares of the company’s stock, valued at approximately $12,930,087.52. The trade was a 5.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,216 shares of company stock worth $1,857,679 over the last quarter.

Institutional Investors Weigh In On Life360

A number of hedge funds and other institutional investors have recently bought and sold shares of LIF. SBI Securities Co. Ltd. boosted its stake 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 acquiring an additional 239 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Life360 during the third quarter worth $32,000. CWM LLC lifted its holdings in shares of Life360 by 71.4% during 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 last quarter. Strive Financial Group LLC purchased a new stake in shares of Life360 during the 4th quarter valued at $26,000. Finally, IFP Advisors Inc acquired a new stake in shares of Life360 in the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Trading Up 7.1%

NASDAQ:LIF opened at $40.82 on Wednesday. Life360 has a one year low of $29.62 and a one year high of $112.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26. The firm has a market cap of $3.27 billion, a P/E ratio of 23.33 and a beta of 3.84. The firm has a 50-day simple moving average of $49.24 and a 200-day simple moving average of $70.56.

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.