Life360, Inc. (NASDAQ:LIF) Receives $93.63 Average Price Target from Brokerages

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $93.6250.

A number of research firms have weighed in on LIF. Citigroup restated 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 research report on Wednesday, November 5th. Stifel Nicolaus set a $92.00 target price on Life360 in a research report on Tuesday, December 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of Life360 in a research note on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research note on Monday.

Insider Buying and Selling

In other news, Director Charles J. Prober sold 7,930 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $76.93, for a total transaction of $610,054.90. Following the completion of the sale, the director owned 105,456 shares of the company’s stock, valued at approximately $8,112,730.08. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lauren Antonoff sold 19,442 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the sale, the chief executive officer owned 305,385 shares of the company’s stock, valued at $23,282,552.40. This represents a 5.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 613,022 shares of company stock worth $47,501,677 over the last 90 days. Insiders own 8.00% of the company’s stock.

Institutional Trading of Life360

A number of institutional investors have recently modified their holdings of LIF. SBI Securities Co. Ltd. increased its holdings in Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after purchasing an additional 239 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Life360 during the third quarter valued at approximately $32,000. CWM LLC raised its holdings in shares of Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after acquiring an additional 160 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Life360 during the third quarter valued at approximately $47,000. Finally, Jones Financial Companies Lllp lifted its stake in Life360 by 1,663.3% in the third quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock worth $55,000 after acquiring an additional 499 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Trading Down 1.0%

Shares of LIF opened at $66.60 on Monday. Life360 has a 1-year low of $29.62 and a 1-year high of $112.54. The company has a market capitalization of $5.22 billion, a P/E ratio of 195.87 and a beta of 3.60. 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 firm’s 50 day simple moving average is $79.43 and its 200 day simple moving average is $81.65.

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

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.