Life360 (NASDAQ:LIF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Life360 (NASDAQ:LIF) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on LIF. Citigroup dropped their target price on Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a report on Thursday, August 13th. Bank of America upped their price target on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. UBS Group lowered their price target on shares of Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. DA Davidson dropped their price objective on shares of Life360 from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, September 15th. Finally, Morgan Stanley set a $65.20 price objective on shares of Life360 in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.94.

Life360 Price Performance

Shares of NASDAQ LIF opened at $41.07 on Friday. The firm has a market cap of $3.35 billion, a P/E ratio of 24.02 and a beta of 2.24. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. Life360 has a 1-year low of $37.01 and a 1-year high of $112.54. The business’s 50 day moving average is $48.98 and its 200-day moving average is $46.36.

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

Insider Buying and Selling

In other news, Director John Coghlan sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the sale, the director owned 16,431 shares of the company’s stock, valued at approximately $689,609.07. This represents a 19.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Prober sold 7,930 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $48.59, for a total transaction of $385,318.70. Following the sale, the director owned 109,930 shares in the company, valued at $5,341,498.70. This represents a 6.73% 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. Insiders have sold 353,515 shares of company stock valued at $17,128,830 in the last ninety days. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Life360

Large investors have recently modified their holdings of the business. MCF Advisors LLC acquired a new position in shares of Life360 during the 4th quarter worth $32,000. Pacer Advisors Inc. bought a new position in Life360 in the first quarter valued at about $76,000. Royal Bank of Canada grew its position in Life360 by 85.5% in the first quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock valued at $84,000 after acquiring an additional 949 shares during the last quarter. GAMMA Investing LLC raised its stake in Life360 by 44.0% during the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after acquiring an additional 569 shares in the last quarter. Finally, Nykredit A S acquired a new position in Life360 during the second quarter worth about $126,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.

The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.