Life360, Inc. (NASDAQ:LIF) Receives Average Recommendation of “Buy” from Analysts

Shares of Life360, Inc. (NASDAQ:LIF) have earned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.75.

LIF has been the subject of several research reports. UBS Group upped their target price on Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. JMP Securities upped their price target on shares of Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $40.00 price objective (up from $37.00) on shares of Life360 in a report on Friday, August 9th. Jefferies Financial Group began coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. Finally, Loop Capital increased their target price on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st.

Life360 Price Performance

Shares of LIF opened at $42.82 on Wednesday. The firm’s 50-day moving average is $39.30. Life360 has a 1-year low of $26.00 and a 1-year high of $46.12.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The firm had revenue of $84.86 million during the quarter, compared to the consensus estimate of $85.00 million. Research analysts forecast that Life360 will post -0.37 EPS for the current fiscal year.

Insider Activity

In related news, Director James Synge sold 33,617 shares of Life360 stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $37.04, for a total value of $1,245,173.68. Following the completion of the sale, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Life360 news, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the sale, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Synge sold 33,617 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $37.04, for a total value of $1,245,173.68. Following the completion of the transaction, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,088 shares of company stock worth $2,672,781 over the last 90 days.

Institutional Investors Weigh In On Life360

A number of large investors have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in Life360 during the second quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Life360 during the 2nd quarter valued at about $192,000. XY Capital Ltd purchased a new position in shares of Life360 during the 2nd quarter valued at about $205,000. SG Americas Securities LLC acquired a new position in shares of Life360 in the 3rd quarter valued at about $246,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Life360 in the second quarter worth about $405,000.

About Life360

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.