Life360 (NASDAQ:LIF) Cut to “Market Perform” at Citizens Jmp

Citizens Jmp lowered shares of Life360 (NASDAQ:LIF) from a market outperform rating to a market perform rating in a research note published on Monday, MarketBeat reports.

A number of other research firms have also recently commented on LIF. Canaccord Genuity Group reissued a “buy” rating and set a $115.00 target price on shares of Life360 in a research report on Tuesday, December 16th. DA Davidson assumed coverage on shares of Life360 in a report on Thursday, December 11th. They issued a “buy” rating and a $94.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. Zacks Research cut Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, UBS Group reduced their price target on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.63.

Life360 Stock Performance

NASDAQ:LIF opened at $64.96 on Monday. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 191.06 and a beta of 3.79. The firm’s fifty day simple moving average is $73.95 and its 200 day simple moving average is $81.82. Life360 has a twelve month low of $29.62 and a twelve month high of $112.54.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data 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 return on equity of 7.95% and a net margin of 6.46%.The company had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $119.26 million. As a group, equities research analysts expect that Life360 will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John Philip Coghlan sold 3,125 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $77.22, for a total transaction of $241,312.50. Following the completion of the transaction, the director owned 12,110 shares in the company, valued at approximately $935,134.20. This represents a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chris Hulls sold 1,846 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total transaction of $118,070.16. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 613,022 shares of company stock valued at $47,501,677 over the last quarter. Corporate insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. CWM LLC increased its position in shares of Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the period. SBI Securities Co. Ltd. grew its holdings in Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after acquiring an additional 239 shares during the period. California State Teachers Retirement System raised its position in Life360 by 0.4% in the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock worth $4,026,000 after acquiring an additional 254 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Life360 in the 3rd quarter valued at about $32,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Life360 by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after acquiring an additional 343 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

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.