Life360 (NASDAQ:LIF) Given New $58.00 Price Target at Loop Capital

Life360 (NASDAQ:LIF) had its target price increased by Loop Capital from $52.00 to $58.00 in a research note published on Tuesday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

LIF has been the topic of several other reports. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Stifel Nicolaus dropped their target price on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $49.50.

Life360 Stock Performance

Shares of LIF opened at $59.62 on Tuesday. The business’s fifty day moving average price is $39.86 and its 200 day moving average price is $42.83. Life360 has a 12-month low of $26.00 and a 12-month high of $62.64.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $103.62 million for the quarter, compared to analysts’ expectations of $101.48 million. As a group, research analysts anticipate that Life360 will post -0.17 EPS for the current year.

Insider Activity

In other news, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $43.60, for a total transaction of $135,334.40. Following the transaction, the chief financial officer now directly owns 142,546 shares of the company’s stock, valued at approximately $6,215,005.60. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Philip Coghlan sold 3,125 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $43.30, for a total value of $135,312.50. Following the transaction, the director now directly owns 32,903 shares in the company, valued at $1,424,699.90. This trade represents a 8.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 173,881 shares of company stock valued at $7,220,851. Company insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. New York State Common Retirement Fund bought a new stake in Life360 in the fourth quarter worth about $25,000. Summit Investment Advisors Inc. raised its position in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after acquiring an additional 484 shares in the last quarter. GAMMA Investing LLC raised its position in Life360 by 2,938.9% in the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after acquiring an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Life360 by 937.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after acquiring an additional 1,978 shares in the last quarter. Finally, KBC Group NV bought a new stake in Life360 in the fourth quarter worth about $147,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Company Profile

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.