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

Shares of Life360, Inc. (NASDAQ:LIF) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $90.3125.

A number of analysts have issued reports on LIF shares. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 target price on shares of Life360 in a research report on Tuesday, December 16th. DA Davidson started coverage on Life360 in a research note on Thursday, December 11th. They issued a “buy” rating and a $94.00 price objective for the company. Citizens Jmp lowered Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Zacks Research downgraded Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, UBS Group cut 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.

Insider Activity at Life360

In other Life360 news, Director James Synge sold 3,966 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total value of $253,665.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles J. Prober sold 7,930 shares of the stock in a transaction 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 sale, the director owned 105,456 shares in the company, valued at approximately $6,536,162.88. The trade was a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 605,351 shares of company stock worth $46,442,822 over the last 90 days.

Hedge Funds Weigh In On Life360

Several large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its holdings in Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after buying an additional 239 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Life360 during the 3rd quarter worth about $32,000. CWM LLC lifted its stake in Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares during the last quarter. IFP Advisors Inc purchased a new stake in Life360 during the third quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp boosted its holdings in Life360 by 1,663.3% in the third quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after purchasing an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Trading Up 1.3%

Shares of LIF stock opened at $55.13 on Tuesday. Life360 has a 1-year low of $29.62 and a 1-year high of $112.54. The firm has a market cap of $4.32 billion, a PE ratio of 162.15 and a beta of 3.80. The company has a 50-day moving average of $63.68 and a two-hundred day moving average of $80.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62.

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

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.