Life360, Inc. (LIF) – What Are Researchers Thinking About This Stock?

Shares of Life360, Inc. (NASDAQ:LIF) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $59.94.

LIF has been the topic of a number of research reports. Bank of America raised their price target on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Citigroup reduced their price objective on Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings raised Life360 from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. DA Davidson reissued a “neutral” rating and issued a $40.00 target price on shares of Life360 in a report on Tuesday, September 29th. Finally, Wall Street Zen raised Life360 from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th.

Insider Transactions at Life360

In related news, Director Chris Hulls sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the completion of the sale, the director directly owned 382,056 shares in the company, valued at approximately $17,895,503.04. The trade was a 39.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Synge sold 27,466 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the completion of the transaction, the director owned 191,694 shares in the company, valued at $8,493,961.14. The trade was a 12.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 456,790 shares of company stock worth $21,269,295. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in Life360 by 872.7% in the 3rd quarter. Sterling Capital Management LLC now owns 642 shares of the company’s stock worth $26,000 after purchasing an additional 576 shares during the period. Pacer Advisors Inc. bought a new stake in Life360 during the first quarter valued at about $76,000. Royal Bank of Canada grew its holdings in Life360 by 85.5% during the first quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock valued at $84,000 after purchasing an additional 949 shares during the period. GAMMA Investing LLC increased its position in Life360 by 44.0% in the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after buying an additional 569 shares in the last quarter. Finally, Nykredit A S purchased a new stake in Life360 in the second quarter worth about $126,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Stock Up 4.7%

LIF opened at $46.46 on Friday. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of $42.92 and a 200-day moving average price of $46.40. Life360 has a twelve month low of $37.01 and a twelve month high of $100.18. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 27.17 and a beta of 2.27.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Life360 had a net margin of 25.73% and a return on equity of 5.66%. The company had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Equities research analysts forecast that Life360 will post 0.53 earnings per share for the current year.

About Life360

Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.

The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.