Life360 (NASDAQ:LIF) Upgraded at Macquarie Infrastructure

Macquarie Infrastructure upgraded shares of Life360 (NASDAQ:LIF) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Citigroup decreased their price target on shares of Life360 from $68.50 to $68.30 and set a “buy” rating on the stock in a research note on Thursday, April 9th. UBS Group cut their price objective on shares of Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Canaccord Genuity Group reduced their price objective on shares of Life360 from $115.00 to $94.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Stifel Nicolaus lowered their target price on shares of Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 27th. Finally, Citizens Jmp downgraded Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.35.

Life360 Trading Up 1.0%

Life360 stock opened at $43.09 on Tuesday. The stock has a 50-day moving average price of $43.70 and a 200 day moving average price of $61.65. Life360 has a 52 week low of $37.01 and a 52 week high of $112.54. The stock has a market cap of $3.48 billion, a PE ratio of 24.62 and a beta of 3.90. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57.

Insider Activity at Life360

In other Life360 news, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction on Monday, April 13th. The shares were sold at an average price of $37.27, for a total value of $295,551.10. Following the transaction, the director owned 105,456 shares in the company, valued at $3,930,345.12. This trade represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $41.32, for a total transaction of $165,280.00. Following the sale, the director directly owned 36,431 shares of the company’s stock, valued at $1,505,328.92. This represents a 9.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 63,037 shares of company stock worth $2,682,792 in the last 90 days. Company insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its position in Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after buying an additional 239 shares during the period. California State Teachers Retirement System grew its stake in Life360 by 0.4% during the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock worth $4,026,000 after buying an additional 254 shares during the period. Swiss Life Asset Management Ltd increased its position in shares of Life360 by 8.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock worth $232,000 after acquiring an additional 273 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Life360 by 21.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock valued at $107,000 after acquiring an additional 292 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.