Analysts Set Life360, Inc. (NASDAQ:LIF) Target Price at $92.31

Shares of Life360, Inc. (NASDAQ:LIF) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $92.3125.

Several research analysts have commented on LIF shares. DA Davidson began coverage on shares of Life360 in a report on Thursday, December 11th. They issued a “buy” rating and a $94.00 price objective for the company. UBS Group reduced their price target on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a report on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 target price on shares of Life360 in a report on Tuesday, December 16th. Finally, Citizens Jmp lowered Life360 from a “market outperform” rating to a “market perform” rating in a research report on Monday, January 5th.

Insiders Place Their Bets

In related news, Director Mark Goines sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $74.19, for a total transaction of $1,112,850.00. Following the sale, the director owned 56,809 shares of the company’s stock, valued at $4,214,659.71. The trade was a 20.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $68.30, for a total transaction of $541,619.00. Following the transaction, the director directly owned 105,456 shares of the company’s stock, valued at $7,202,644.80. This represents a 6.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 613,022 shares of company stock valued at $47,174,802 in the last 90 days.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after buying an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Life360 by 12.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock worth $5,327,000 after acquiring an additional 15,420 shares during the last quarter. Strs Ohio bought a new position in shares of Life360 during the first quarter valued at $157,000. Rhumbline Advisers increased its holdings in shares of Life360 by 28.2% during the first quarter. Rhumbline Advisers now owns 16,217 shares of the company’s stock valued at $623,000 after acquiring an additional 3,566 shares in the last quarter. Finally, Cherrydale Wealth Management LLC purchased a new position in shares of Life360 in the 2nd quarter worth about $268,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Trading Down 4.9%

NASDAQ LIF opened at $54.08 on Friday. The stock has a market cap of $4.24 billion, a P/E ratio of 159.06 and a beta of 3.79. Life360 has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The stock has a 50 day simple moving average of $68.10 and a two-hundred day simple moving average of $81.76. 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 posted its earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08. Life360 had a return on equity of 7.95% and a net margin of 6.46%.The firm had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $119.26 million. On average, analysts forecast that Life360 will post -0.17 earnings per share for the current year.

Life360 Company Profile

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.