Life360 (NASDAQ:LIF) Shares Gap Up – Time to Buy?

Life360, Inc. (NASDAQ:LIF) shares gapped up before the market opened on Friday . The stock had previously closed at $75.52, but opened at $79.02. Life360 shares last traded at $77.0650, with a volume of 76,912 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LIF shares. Citigroup restated a “market outperform” rating on shares of Life360 in a research report on Tuesday, November 11th. Stifel Nicolaus downgraded shares of Life360 from a “buy” rating to a “hold” rating and set a $92.00 price objective for the company. in a report on Friday, October 24th. Wall Street Zen upgraded Life360 from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Evercore ISI raised their price target on Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a report on Tuesday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.00.

Life360 Trading Up 3.5%

The company’s 50 day moving average price is $90.00 and its two-hundred day moving average price is $80.99. The firm has a market cap of $6.13 billion, a PE ratio of 229.79 and a beta of 3.60. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.03 by $0.08. The company had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. As a group, sell-side analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Insider Activity at Life360

In other news, Director Chris Hulls sold 311,749 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $77.10, for a total transaction of $24,035,847.90. Following the transaction, the director directly owned 469,749 shares of the company’s stock, valued at approximately $36,217,647.90. This trade represents a 39.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $76.93, for a total value of $610,054.90. Following the transaction, the director owned 105,456 shares in the company, valued at $8,112,730.08. 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 have sold 572,302 shares of company stock worth $44,887,622 over the last quarter. 8.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Life360

Several institutional investors have recently made changes to their positions in LIF. SBI Securities Co. Ltd. raised its holdings in shares of 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 purchased a new position in Life360 during the 3rd quarter valued at about $32,000. CWM LLC raised its holdings in shares of Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of Life360 in the 3rd quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Life360 by 1,663.3% during 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.

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.