Life360 (NASDAQ:LIF) Price Target Raised to $71.00 at UBS Group

Life360 (NASDAQ:LIF) had its price objective upped by UBS Group from $57.00 to $71.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on the company. Stifel Nicolaus cut their price objective on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. JMP Securities upped their price objective on Life360 from $55.00 to $62.00 and gave the company a “market outperform” rating in a research note on Monday. Loop Capital increased their price target on Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Finally, Canaccord Genuity Group increased their price target on Life360 from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $58.67.

Life360 Stock Performance

NASDAQ:LIF opened at $62.67 on Monday. Life360 has a one year low of $28.94 and a one year high of $65.79. The business’s 50-day simple moving average is $52.10 and its 200 day simple moving average is $45.93. The stock has a market cap of $4.80 billion and a price-to-earnings ratio of 696.33.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a return on equity of 4.05% and a net margin of 2.42%. The firm had revenue of $103.62 million for the quarter, compared to analysts’ expectations of $101.48 million. On average, equities research analysts predict that Life360 will post -0.17 EPS for the current year.

Insider Transactions at Life360

In related news, Director Brit Morin sold 47,584 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was 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 now directly owns 26,442 shares of the company’s stock, valued at $1,616,663.88. This represents a 64.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles J. Prober sold 7,942 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $61.63, for a total value of $489,465.46. Following the completion of the transaction, the director now directly owns 105,456 shares of the company’s stock, valued at $6,499,253.28. This trade represents a 7.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,485 shares of company stock worth $5,563,017. 8.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new position in Life360 during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. boosted its stake in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC boosted its stake in Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock valued at $84,000 after purchasing an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Life360 by 937.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock valued at $84,000 after purchasing an additional 1,978 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Life360 during the 1st quarter worth $157,000. 20.00% of the stock is 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.