Life360, Inc. (NASDAQ:LIF) Receives $92.31 Average Price Target from Brokerages

Shares of Life360, Inc. (NASDAQ:LIF) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $92.3125.

Several equities research analysts recently weighed in on LIF shares. UBS Group decreased their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Zacks Research downgraded shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research note on Monday, December 29th. Citigroup cut their price objective on shares of Life360 from $96.80 to $79.50 and set a “buy” rating for the company in a report on Friday, January 9th. Finally, DA Davidson started coverage on shares of Life360 in a report on Thursday, December 11th. They set a “buy” rating and a $94.00 target price on the stock.

Insider Buying and Selling

In related news, Director Chris Hulls sold 311,749 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $77.10, for a total transaction of $24,035,847.90. Following the sale, the director directly owned 469,749 shares in the company, valued at approximately $36,217,647.90. The trade was a 39.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alex Haro sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $76.45, for a total value of $7,645,000.00. Following the completion of the transaction, the director owned 861,315 shares of the company’s stock, valued at approximately $65,847,531.75. This represents a 10.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 613,022 shares of company stock valued at $47,174,802 in the last 90 days. Corporate insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Life360

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. grew its holdings in shares of Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 239 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Life360 during the third quarter valued at approximately $32,000. CWM LLC grew its stake in Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after buying an additional 160 shares in the last quarter. IFP Advisors Inc purchased a new position in Life360 in the 3rd quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Life360 by 1,663.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock worth $55,000 after buying an additional 499 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors.

Life360 Price Performance

Life360 stock opened at $56.84 on Friday. Life360 has a 12 month low of $29.62 and a 12 month high of $112.54. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79. The business’s 50 day simple moving average is $69.21 and its 200 day simple moving average is $81.91. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 167.18 and a beta of 3.79.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The business had revenue of $124.50 million during the quarter, compared to the consensus estimate of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. Sell-side analysts forecast that Life360 will post -0.17 EPS for the current year.

About Life360

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.