Life360, Inc. (NASDAQ:LIF) Receives $60.72 Consensus PT from Analysts

Life360, Inc. (NASDAQ:LIF) has been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $60.7222.

Several research firms have recently issued reports on LIF. Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a research note on Tuesday, May 12th. Evercore set a $68.00 price target on Life360 in a report on Tuesday, May 12th. DA Davidson increased their price target on Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded Life360 from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Finally, Wall Street Zen downgraded Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th.

Insider Buying and Selling at Life360

In related news, Director Chris Hulls sold 250,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the completion of the transaction, the director owned 382,056 shares in the company, valued at $17,895,503.04. This represents a 39.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Synge sold 27,466 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the completion of the transaction, the director directly owned 191,694 shares in the company, valued at $8,493,961.14. This represents a 12.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 365,557 shares of company stock valued at $17,747,371. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Life360

Large investors have recently bought and sold shares of the company. Amundi boosted its stake in shares of Life360 by 156.5% in the second quarter. Amundi now owns 12,969 shares of the company’s stock worth $718,000 after acquiring an additional 7,912 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Life360 during the second quarter worth approximately $908,000. California State Teachers Retirement System raised its stake in Life360 by 5,442.5% in the 2nd quarter. California State Teachers Retirement System now owns 4,801,705 shares of the company’s stock valued at $265,822,000 after purchasing an additional 4,715,070 shares during the last quarter. AXQ Capital LP acquired a new position in Life360 in the 2nd quarter valued at $505,000. Finally, Greenspring Advisors LLC lifted its holdings in Life360 by 5.9% in the 2nd quarter. Greenspring Advisors LLC now owns 173,271 shares of the company’s stock valued at $9,592,000 after purchasing an additional 9,689 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Trading Down 1.4%

Life360 stock opened at $42.86 on Friday. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. Life360 has a 12 month low of $37.01 and a 12 month high of $112.54. The stock’s 50 day simple moving average is $52.52 and its two-hundred day simple moving average is $47.17. The firm has a market cap of $3.49 billion, a PE ratio of 25.06 and a beta of 2.35.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The firm had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Analysts anticipate that Life360 will post 0.53 earnings per share for the current year.

Life360 Company Profile

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.