Life360 (NASDAQ:LIF) Upgraded by Macquarie Infrastructure to Strong-Buy Rating

Life360 (NASDAQ:LIF) was upgraded by analysts at Macquarie Infrastructure to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on LIF. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research note on Friday, March 27th. Citizens Jmp downgraded Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Bank of America started coverage on Life360 in a research note on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price target on the stock. Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Citigroup dropped their price target on Life360 from $68.50 to $68.30 and set a “buy” rating on the stock in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.35.

Life360 Trading Up 1.0%

NASDAQ:LIF opened at $43.09 on Tuesday. The stock’s 50 day moving average price is $43.70 and its 200 day moving average price is $61.65. The company has a market capitalization of $3.48 billion, a PE ratio of 24.62 and a beta of 3.90. The company has a quick ratio of 6.16, a current ratio of 6.26 and a debt-to-equity ratio of 0.57. Life360 has a 52-week low of $37.01 and a 52-week high of $112.54.

Insider Activity

In other news, Director Chris Hulls sold 16,105 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $45.51, for a total value of $732,938.55. Following the completion of the sale, the director owned 399,809 shares in the company, valued at approximately $18,195,307.59. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Philip Coghlan sold 4,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $41.32, for a total transaction of $165,280.00. Following the completion of the sale, the director owned 36,431 shares of the company’s stock, valued at $1,505,328.92. This trade represents a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 63,037 shares of company stock valued at $2,682,792. 8.00% of the stock is owned by corporate insiders.

Institutional Trading of Life360

Hedge funds have recently made changes to their positions in the company. Strive Financial Group LLC acquired a new stake in shares of Life360 in the 4th quarter worth $26,000. SBI Securities Co. Ltd. lifted its stake in shares of Life360 by 824.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after acquiring an additional 239 shares during the period. MCF Advisors LLC acquired a new stake in shares of Life360 in the 4th quarter worth $32,000. NewEdge Advisors LLC acquired a new stake in shares of Life360 in the 3rd quarter worth $32,000. Finally, CWM LLC boosted its stake in shares of Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.