Life360 (NASDAQ:LIF) Rating Increased to Strong-Buy at DA Davidson

Life360 (NASDAQ:LIF) was upgraded by investment analysts at DA Davidson to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on LIF. Stifel Nicolaus set a $92.00 target price on Life360 in a research report on Tuesday. Citigroup reiterated a “market outperform” rating on shares of Life360 in a research report on Tuesday, November 11th. Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research note on Monday. Finally, Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.50.

Life360 Price Performance

NASDAQ:LIF opened at $67.57 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The company has a 50 day moving average price of $85.86 and a 200-day moving average price of $81.45. Life360 has a 1-year low of $29.62 and a 1-year high of $112.54. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 198.74 and a beta of 3.60.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The firm had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. Equities research analysts forecast that Life360 will post -0.17 EPS for the current year.

Insider Transactions at Life360

In other Life360 news, Director Chris Hulls sold 120,000 shares of Life360 stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $78.70, for a total transaction of $9,444,000.00. Following the sale, the director owned 335,413 shares of the company’s stock, valued at $26,397,003.10. The trade was a 26.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lauren Antonoff sold 19,442 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the sale, the chief executive officer directly owned 305,385 shares of the company’s stock, valued at $23,282,552.40. The trade was a 5.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 609,869 shares of company stock valued at $47,724,043. Insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Life360

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Life360 by 18.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after acquiring an additional 1,260,236 shares in the last quarter. Norges Bank acquired a new position in shares of Life360 during the 2nd quarter worth approximately $60,369,000. Franklin Resources Inc. boosted its holdings in shares of Life360 by 86.3% during the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after purchasing an additional 352,110 shares during the last quarter. Citigroup Inc. grew its position in shares of Life360 by 158.4% in the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after purchasing an additional 459,463 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Life360 by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock valued at $44,844,000 after purchasing an additional 137,997 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.