Analysts Set Life360, Inc. (NASDAQ:LIF) Price Target at $60.72

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $60.7222.

A number of analysts recently weighed in on the stock. Morgan Stanley set a $65.20 price target on shares of Life360 in a research note on Wednesday, August 12th. Citigroup reduced their target price on shares of Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a report on Thursday, August 13th. Canaccord Genuity Group set a $72.00 price target on Life360 in a report on Tuesday, May 12th. UBS Group dropped their price target on Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, Evercore set a $68.00 price objective on Life360 in a research note on Tuesday, May 12th.

Life360 Stock Up 3.1%

LIF opened at $43.17 on Friday. Life360 has a one year low of $37.01 and a one year high of $112.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The stock has a market capitalization of $3.52 billion, a P/E ratio of 25.25 and a beta of 2.24. The business’s 50-day simple moving average is $52.30 and its 200-day simple moving average is $47.05.

Life360 (NASDAQ:LIF) last announced its earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Analysts anticipate that Life360 will post 0.53 EPS for the current year.

Insiders Place Their Bets

In other news, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $48.59, for a total transaction of $385,318.70. Following the transaction, the director directly owned 109,930 shares in the company, valued at $5,341,498.70. The trade was a 6.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $54.82, for a total transaction of $219,280.00. Following the completion of the sale, the director owned 20,431 shares of the company’s stock, valued at approximately $1,120,027.42. The trade was a 16.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 365,557 shares of company stock valued at $17,747,371. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Strive Financial Group LLC purchased a new stake in shares of Life360 during the 4th quarter worth $26,000. MCF Advisors LLC acquired a new position in shares of Life360 during the 4th quarter worth $32,000. NewEdge Advisors LLC purchased a new position in shares of Life360 in the 3rd quarter valued at about $32,000. IFP Advisors Inc acquired a new stake in shares of Life360 in the third quarter valued at about $47,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Life360 by 136.6% in the fourth quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after purchasing an additional 519 shares during the period. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.