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

Life360, Inc. (NASDAQ:LIF) has been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $51.00.

Several equities research analysts have weighed in on the company. Stifel Nicolaus dropped their price objective on Life360 from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. UBS Group raised their price objective on Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Loop Capital lifted their target price on Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Finally, Canaccord Genuity Group lifted their price objective on Life360 from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th.

Insider Activity at Life360

In related news, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $39.35, for a total value of $122,142.40. Following the sale, the chief financial officer now directly owns 181,857 shares in the company, valued at approximately $7,156,072.95. The trade was a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Lauren Antonoff sold 4,546 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $62.23, for a total value of $282,897.58. Following the sale, the chief operating officer now directly owns 335,678 shares in the company, valued at $20,889,241.94. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,429 shares of company stock worth $1,938,392. Corporate insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Life360

Large investors have recently added to or reduced their stakes in the stock. WealthPlan Investment Management LLC grew its stake in shares of Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after buying an additional 247 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Life360 by 6.5% during the first 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 during the period. Summit Investment Advisors Inc. lifted its holdings in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after buying an additional 484 shares during the period. New York State Common Retirement Fund purchased a new stake in Life360 during the fourth quarter worth $25,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Life360 by 937.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock valued at $84,000 after purchasing an additional 1,978 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

Life360 Price Performance

Shares of LIF stock opened at $64.58 on Thursday. The stock has a market capitalization of $4.94 billion and a PE ratio of 717.56. Life360 has a 1-year low of $26.00 and a 1-year high of $65.79. The business has a 50-day moving average of $48.10 and a 200 day moving average of $45.18.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The company had revenue of $103.62 million during the quarter, compared to analysts’ expectations of $101.48 million. Analysts anticipate that Life360 will post -0.17 EPS for the current year.

About Life360

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.