Life360 (NASDAQ:LIF) Stock Rating Lowered by Zacks Research

Life360 (NASDAQ:LIF) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also commented on the stock. Canaccord Genuity Group raised their price objective on shares of Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Evercore ISI lifted their price target on Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Stifel Nicolaus cut Life360 from a “buy” rating to a “hold” rating and set a $92.00 price objective for the company. in a research report on Friday, October 24th. JMP Securities lifted their target price on Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 12th. Finally, UBS Group upped their price target on Life360 from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Life360 has a consensus rating of “Moderate Buy” and a consensus price target of $91.43.

Life360 Trading Down 3.9%

NASDAQ:LIF opened at $91.69 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. The business’s 50-day simple moving average is $98.49 and its 200-day simple moving average is $76.79. Life360 has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The stock has a market capitalization of $7.11 billion, a PE ratio of 286.54 and a beta of 3.41.

Life360 (NASDAQ:LIF) last announced its earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The firm had revenue of $115.38 million for the quarter, compared to the consensus estimate of $109.33 million. Life360 has set its FY 2025 guidance at EPS. Sell-side analysts expect that Life360 will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other Life360 news, CEO Lauren Antonoff sold 17,764 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $90.90, for a total value of $1,614,747.60. Following the completion of the transaction, the chief executive officer directly owned 338,465 shares in the company, valued at $30,766,468.50. This trade represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Synge sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $85.80, for a total value of $2,145,000.00. Following the sale, the director owned 194,754 shares in the company, valued at approximately $16,709,893.20. This represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 157,729 shares of company stock valued at $14,084,103. Corporate insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its holdings in shares of Life360 by 81.8% in the 1st quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company’s stock valued at $513,000 after purchasing an additional 6,014 shares during the period. Bank of New York Mellon Corp increased its position in Life360 by 320.0% during the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company’s stock worth $21,087,000 after buying an additional 418,493 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in Life360 by 39.5% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 146,893 shares of the company’s stock worth $5,639,000 after buying an additional 41,596 shares during the last quarter. New York State Common Retirement Fund raised its stake in Life360 by 433.3% in the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock valued at $123,000 after buying an additional 2,600 shares during the period. Finally, Emerald Advisers LLC lifted its position in shares of Life360 by 53.8% in the first quarter. Emerald Advisers LLC now owns 270,817 shares of the company’s stock valued at $10,397,000 after buying an additional 94,679 shares during the last quarter. Institutional investors 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.