Life360 (NASDAQ:LIF) Shares Gap Up – Should You Buy?

Life360, Inc. (NASDAQ:LIF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $41.23, but opened at $46.25. Life360 shares last traded at $45.1650, with a volume of 245,715 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LIF. Citizens Jmp downgraded Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Citigroup cut their price target on Life360 from $68.50 to $68.30 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research note on Friday, March 27th. UBS Group cut their price target on Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.16.

Life360 Trading Down 5.5%

The stock has a market cap of $3.33 billion, a PE ratio of 23.73 and a beta of 3.90. The business has a 50-day moving average of $46.53 and a 200 day moving average of $68.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26.

Insiders Place Their Bets

In other Life360 news, CEO Lauren Antonoff sold 17,153 shares of Life360 stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.86, for a total value of $769,483.58. Following the completion of the sale, the chief executive officer owned 288,232 shares in the company, valued at $12,930,087.52. The trade was a 5.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Chris Hulls sold 15,133 shares of Life360 stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $39.43, for a total value of $596,694.19. Following the completion of the sale, the director owned 334,319 shares of the company’s stock, valued at $13,182,198.17. This trade represents a 4.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 44,216 shares of company stock worth $2,022,959 over the last 90 days. Corporate insiders own 8.00% of the company’s stock.

Institutional Trading of Life360

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its holdings in Life360 by 158.4% in the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after buying an additional 459,463 shares during the period. Castleark Management LLC purchased a new stake in shares of Life360 during the 2nd quarter worth about $5,518,000. Permanent Capital Management LP purchased a new stake in shares of Life360 during the 3rd quarter worth about $2,290,000. Vanguard Group Inc. grew its holdings in shares of Life360 by 18.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after purchasing an additional 1,260,236 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of 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 purchasing an additional 44,269 shares during the period. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.