Life360 (NASDAQ:LIF) Stock Price Up 7.8% – Still a Buy?

Life360, Inc. (NASDAQ:LIF)’s stock price shot up 7.8% during trading on Monday . The stock traded as high as $101.15 and last traded at $100.77. 351,061 shares were traded during mid-day trading, a decline of 48% from the average session volume of 671,603 shares. The stock had previously closed at $93.44.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LIF shares. Evercore ISI raised their price objective on shares of Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Canaccord Genuity Group lifted their price objective on Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded Life360 from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. UBS Group restated a “buy” rating and issued a $85.00 target price (up previously from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. Finally, Citigroup assumed coverage on Life360 in a research note on Thursday, July 31st. They set a “buy” rating and a $90.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Life360 presently has an average rating of “Buy” and a consensus price target of $86.43.

Life360 Stock Up 10.4%

The firm’s fifty day moving average is $77.71 and its 200 day moving average is $58.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. The firm has a market cap of $8.00 billion, a P/E ratio of 323.24 and a beta of 3.49.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The firm had revenue of $115.38 million during the quarter, compared to the consensus estimate of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James Synge sold 25,000 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $84.23, for a total value of $2,105,750.00. Following the sale, the director directly owned 219,754 shares in the company, valued at $18,509,879.42. This represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brit Morin sold 47,584 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $61.14, for a total value of $2,909,285.76. Following the completion of the transaction, the director directly owned 26,442 shares of the company’s stock, valued at $1,616,663.88. This represents a 64.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,406 shares of company stock valued at $16,128,381.

Institutional Investors Weigh In On Life360

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its holdings in Life360 by 8,595.9% during the 2nd quarter. Osaic Holdings Inc. now owns 44,784 shares of the company’s stock worth $2,922,000 after buying an additional 44,269 shares during the period. State of Wyoming bought a new stake in Life360 in the second quarter worth $96,000. Castleark Management LLC purchased a new position in shares of Life360 during the second quarter valued at about $5,518,000. FORA Capital LLC bought a new position in Life360 during the second quarter valued at approximately $1,145,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Life360 by 6,172.0% in the second quarter. Tower Research Capital LLC TRC now owns 21,764 shares of the company’s stock worth $1,420,000 after purchasing an additional 21,417 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors.

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.