Life360 (NASDAQ:LIF) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Life360 (NASDAQ:LIF) from a sell rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

LIF has been the subject of a number of other research reports. DA Davidson dropped their price objective on shares of Life360 from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday. UBS Group reduced their target price on shares of Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Bank of America upped their price target on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Citigroup cut their price target on shares of Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Life360 currently has an average rating of “Moderate Buy” and a consensus price target of $59.94.

Life360 Trading Down 1.7%

Shares of LIF stock opened at $39.62 on Friday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 23.17 and a beta of 2.24. Life360 has a twelve month low of $37.01 and a twelve month high of $112.54. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $49.20 and its 200 day simple moving average is $46.43.

Life360 (NASDAQ:LIF) last posted its earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $158.96 million during the quarter, compared to the consensus estimate of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. As a group, sell-side analysts predict that Life360 will post 0.53 EPS for the current fiscal year.

Insider Activity at Life360

In other news, Director Chris Hulls sold 250,000 shares of the 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 transaction, the director owned 382,056 shares of the company’s stock, 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 through this link. 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 value of $1,217,018.46. Following the completion of the sale, the director owned 191,694 shares of the company’s stock, valued at approximately $8,493,961.14. This represents a 12.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 353,515 shares of company stock worth $17,128,830 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in Life360 in the fourth quarter valued at approximately $32,000. Pacer Advisors Inc. acquired a new position in shares of Life360 during the first quarter worth approximately $76,000. Royal Bank of Canada lifted its holdings in shares of Life360 by 85.5% in the 1st quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock worth $84,000 after purchasing an additional 949 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Life360 by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after purchasing an additional 569 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Life360 in the 2nd quarter valued at $126,000. Institutional investors own 20.00% of the company’s stock.

About Life360

Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.

The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.