Life360, Inc. (NASDAQ:LIF) Given Consensus Rating of “Moderate Buy” by Brokerages

Life360, Inc. (NASDAQ:LIF) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $63.9444.

A number of equities research analysts have recently weighed in on the company. Macquarie Infrastructure assumed coverage on Life360 in a report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price target on the stock. Evercore set a $68.00 price target on Life360 in a report on Tuesday, May 12th. Weiss Ratings cut Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Bank of America assumed coverage on Life360 in a report on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price target on the stock. Finally, DA Davidson reaffirmed a “neutral” rating and set a $40.00 price target on shares of Life360 in a report on Wednesday, May 13th.

Insiders Place Their Bets

In other news, CEO Lauren Antonoff sold 2,716 shares of Life360 stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $45.23, for a total transaction of $122,844.68. Following the sale, the chief executive officer owned 309,781 shares of the company’s stock, valued at approximately $14,011,394.63. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Chris Hulls sold 16,379 shares of Life360 stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $40.34, for a total value of $660,728.86. Following the sale, the director directly owned 403,485 shares in the company, valued at approximately $16,276,584.90. This trade represents a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 63,060 shares of company stock worth $2,695,278. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. Strive Financial Group LLC bought a new stake in Life360 during the fourth quarter worth approximately $26,000. MCF Advisors LLC bought a new stake in Life360 during the fourth quarter worth approximately $32,000. NewEdge Advisors LLC bought a new stake in Life360 during the third quarter worth approximately $32,000. IFP Advisors Inc bought a new stake in Life360 during the third quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp raised its holdings in Life360 by 1,663.3% during the third quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock worth $55,000 after purchasing an additional 499 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Stock Performance

Shares of LIF stock opened at $49.02 on Monday. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $43.76 and a two-hundred day moving average of $51.33. Life360 has a 52 week low of $37.01 and a 52 week high of $112.54. The company has a market cap of $3.97 billion, a P/E ratio of 28.34 and a beta of 2.62.

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.