Life360 (NASDAQ:LIF) Price Target Lowered to $68.30 at Citigroup

Life360 (NASDAQ:LIF) had its price target reduced by Citigroup from $68.50 to $68.30 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on LIF. Stifel Nicolaus reduced their target price on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 27th. UBS Group reduced their target price on Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. DA Davidson cut Life360 from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $40.00 in a research report on Thursday, March 19th. Citizens Jmp cut Life360 from a “market outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Finally, Canaccord Genuity Group reduced their target price on Life360 from $115.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.16.

Life360 Price Performance

Shares of NASDAQ LIF opened at $41.53 on Thursday. The stock has a market cap of $3.33 billion, a PE ratio of 23.73 and a beta of 3.90. Life360 has a fifty-two week low of $32.71 and a fifty-two week high of $112.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26. The stock has a fifty day moving average of $46.53 and a 200-day moving average of $68.05.

Insiders Place Their Bets

In other Life360 news, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $61.98, for a total transaction of $491,501.40. Following the completion of the sale, the director owned 105,456 shares of the company’s stock, valued at $6,536,162.88. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lauren Antonoff sold 17,153 shares of Life360 stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.86, for a total value of $769,483.58. Following the sale, the chief executive officer directly owned 288,232 shares of the company’s stock, valued at approximately $12,930,087.52. This trade represents a 5.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,216 shares of company stock valued at $2,022,959 in the last ninety days. Corporate insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Life360

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its stake in 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 during the last quarter. NewEdge Advisors LLC bought a new stake in Life360 during the third 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. Strive Financial Group LLC bought a new stake in Life360 during the fourth quarter worth about $26,000. Finally, IFP Advisors Inc bought a new stake in Life360 during the third quarter worth about $47,000. 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.