Life360 (NASDAQ:LIF) Given New $62.00 Price Target at JMP Securities

Life360 (NASDAQ:LIF) had its target price hoisted by JMP Securities from $55.00 to $62.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. UBS Group lifted their price target on shares of Life360 from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Loop Capital increased their price target on Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Stifel Nicolaus cut their price target on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group increased their price target on Life360 from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $58.67.

Life360 Stock Performance

NASDAQ:LIF opened at $62.67 on Monday. The stock’s fifty day moving average price is $52.10 and its two-hundred day moving average price is $45.93. Life360 has a 52-week low of $28.94 and a 52-week high of $65.79. The company has a market cap of $4.80 billion and a price-to-earnings ratio of 696.33.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a net margin of 2.42% and a return on equity of 4.05%. The company had revenue of $103.62 million during the quarter, compared to analysts’ expectations of $101.48 million. On average, equities analysts predict that Life360 will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $34.39, for a total transaction of $106,746.56. Following the sale, the chief financial officer now owns 208,395 shares of the company’s stock, valued at approximately $7,166,704.05. This trade represents a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Susan L. Stick sold 500 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $62.23, for a total value of $31,115.00. Following the sale, the general counsel now directly owns 110,809 shares in the company, valued at $6,895,644.07. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,485 shares of company stock valued at $5,563,017. 8.00% of the stock is owned by company insiders.

Institutional Trading of Life360

Several hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund bought a new position in Life360 during the 4th quarter worth about $25,000. Summit Investment Advisors Inc. increased its holdings in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC increased its holdings in Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after purchasing an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Life360 by 937.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after purchasing an additional 1,978 shares in the last quarter. Finally, Strs Ohio bought a new position in Life360 during the 1st quarter worth about $157,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.