Life360 (NASDAQ:LIF) Stock Price Expected to Rise, Bank of America Analyst Says

Life360 (NASDAQ:LIF) had its price target raised by investment analysts at Bank of America from $60.00 to $66.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target would suggest a potential upside of 22.70% from the stock’s previous close.

LIF has been the subject of a number of other research reports. Weiss Ratings cut Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Citigroup boosted their price objective on Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a research report on Monday, July 6th. Macquarie Infrastructure started coverage on Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price for the company. Finally, DA Davidson upped their target price on Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.65.

Life360 Price Performance

NASDAQ:LIF opened at $53.79 on Thursday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 31.09 and a beta of 2.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The company has a 50 day moving average price of $47.76 and a 200-day moving average price of $49.20. Life360 has a 1-year low of $37.01 and a 1-year high of $112.54.

Insider Activity at Life360

In related news, Director Chris Hulls sold 16,379 shares of Life360 stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $40.34, for a total value of $660,728.86. Following the sale, the director directly owned 403,485 shares in the company, valued at approximately $16,276,584.90. The trade was a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $56.07, for a total value of $224,280.00. Following the sale, the director owned 24,431 shares of the company’s stock, valued at approximately $1,369,846.17. This trade represents a 14.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,006 shares of company stock worth $2,614,066 in the last quarter. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Life360

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strive Financial Group LLC purchased a new stake in shares of Life360 during the fourth quarter worth approximately $26,000. MCF Advisors LLC purchased a new position in Life360 in the 4th quarter valued at $32,000. NewEdge Advisors LLC purchased a new position in Life360 in the 3rd quarter valued at $32,000. IFP Advisors Inc purchased a new position in Life360 in the 3rd quarter valued at $47,000. Finally, Advisors Asset Management Inc. boosted its stake in Life360 by 136.6% during the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock worth $58,000 after purchasing an additional 519 shares during 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.