Life360 (NASDAQ:LIF) Receives Buy Rating from Canaccord Genuity Group

Life360 (NASDAQ:LIF)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report issued on Tuesday,Benzinga reports. They presently have a $115.00 price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 79.24% from the stock’s current price.

LIF has been the topic of a number of other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 8th. UBS Group reduced their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Citigroup reiterated a “market outperform” rating on shares of Life360 in a research report on Tuesday, November 11th. Stifel Nicolaus set a $92.00 price target on Life360 in a research note on Tuesday, December 9th. Finally, Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.63.

Life360 Trading Down 0.9%

LIF traded down $0.55 during mid-day trading on Tuesday, reaching $64.16. The stock had a trading volume of 195,832 shares, compared to its average volume of 760,117. The firm’s fifty day simple moving average is $84.93 and its two-hundred day simple moving average is $81.73. The stock has a market capitalization of $5.03 billion, a P/E ratio of 189.17 and a beta of 3.62. Life360 has a 52 week low of $29.62 and a 52 week high of $112.54. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80.

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

Insider Activity at Life360

In other Life360 news, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $76.93, for a total transaction of $610,054.90. Following the transaction, the director directly owned 105,456 shares in the company, valued at approximately $8,112,730.08. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lauren Antonoff sold 19,442 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.24, for a total value of $1,482,258.08. Following the completion of the transaction, the chief executive officer directly owned 305,385 shares of the company’s stock, valued at approximately $23,282,552.40. The trade was a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 601,939 shares of company stock valued at $46,929,140.

Hedge Funds Weigh In On Life360

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