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

Wall Street Zen lowered shares of Life360 (NASDAQ:LIF) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other analysts also recently weighed in on the company. UBS Group lowered their target price on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Citigroup restated a “market outperform” rating on shares of Life360 in a report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research note on Monday, December 8th. Finally, Stifel Nicolaus set a $92.00 price target on shares of Life360 in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Life360 currently has a consensus rating of “Moderate Buy” and an average price target of $90.50.

Life360 Stock Down 4.2%

NASDAQ LIF opened at $64.71 on Friday. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79. Life360 has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The business has a 50 day moving average price of $84.93 and a two-hundred day moving average price of $81.73. The stock has a market cap of $5.07 billion, a PE ratio of 190.32 and a beta of 3.62.

Life360 (NASDAQ:LIF) last announced its earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.08. The business had revenue of $124.50 million during 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%. As a group, sell-side analysts predict that Life360 will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Philip Coghlan sold 3,125 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $77.22, for a total transaction of $241,312.50. Following the sale, the director directly owned 12,110 shares of the company’s stock, valued at approximately $935,134.20. This represents a 20.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Chris Hulls sold 120,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $78.70, for a total value of $9,444,000.00. Following the transaction, the director owned 335,413 shares in the company, valued at $26,397,003.10. This trade represents a 26.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 601,939 shares of company stock worth $46,929,140.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently modified their holdings of the business. IFP Advisors Inc bought a new position in Life360 in the third quarter worth about $47,000. Swiss Life Asset Management Ltd acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $355,000. CIBC Bancorp USA Inc. bought a new stake in shares of Life360 in the 3rd quarter worth approximately $206,000. Advisory Services Network LLC acquired a new position in Life360 during the 3rd quarter valued at approximately $80,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in Life360 by 321.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 36,464 shares of the company’s stock worth $3,876,000 after buying an additional 27,807 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Company Profile

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.