Life360, Inc. (NASDAQ:LIF) Receives $47.63 Average Target Price from Analysts

Life360, Inc. (NASDAQ:LIF) has received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $47.63.

Separately, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $55.00 in a research note on Friday, January 17th.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $37.39 on Wednesday. Life360 has a 1-year low of $26.00 and a 1-year high of $52.77. The business’s 50 day moving average is $40.15 and its 200-day moving average is $42.79.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. As a group, analysts anticipate that Life360 will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at Life360

In related news, Director Charles J. Prober sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the sale, the director now owns 102,742 shares of the company’s stock, valued at approximately $4,265,847.84. This trade represents a 32.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $34.39, for a total transaction of $106,746.56. Following the completion of the transaction, the chief financial officer now directly owns 208,395 shares in the company, valued at approximately $7,166,704.05. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,314 shares of company stock worth $7,029,291 over the last 90 days.

Institutional Trading of Life360

A number of institutional investors have recently modified their holdings of LIF. Franklin Resources Inc. raised its holdings in shares of Life360 by 402.9% in the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock valued at $22,269,000 after purchasing an additional 432,292 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Life360 in the third quarter valued at approximately $7,995,000. Marshall Wace LLP lifted its position in shares of Life360 by 86.2% in the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock valued at $16,975,000 after buying an additional 190,422 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Life360 by 1,233.3% during the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company’s stock worth $8,286,000 after acquiring an additional 185,722 shares during the period. Finally, Swiss National Bank acquired a new position in shares of Life360 during the 4th quarter worth approximately $5,717,000. 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.