Analysts Set Life360, Inc. (NASDAQ:LIF) PT at $90.31

Life360, Inc. (NASDAQ:LIF) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $90.3125.

Several equities research analysts have recently issued reports on the stock. DA Davidson initiated coverage on shares of Life360 in a research note on Thursday, December 11th. They set a “buy” rating and a $94.00 target price on the stock. Citigroup reaffirmed a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. UBS Group cut their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 target price on shares of Life360 in a research report on Tuesday, December 16th.

Life360 Stock Performance

Shares of NASDAQ LIF opened at $49.31 on Tuesday. The company has a market capitalization of $3.87 billion, a PE ratio of 145.03 and a beta of 3.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The company’s fifty day moving average price is $61.29 and its 200 day moving average price is $79.78. Life360 has a 1 year low of $29.62 and a 1 year high of $112.54.

Insider Buying and Selling at Life360

In related news, Director Chris Hulls sold 311,749 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $77.10, for a total value of $24,035,847.90. Following the transaction, the director directly owned 469,749 shares of the company’s stock, valued at approximately $36,217,647.90. This trade represents a 39.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alex Haro sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $76.45, for a total value of $7,645,000.00. Following the sale, the director owned 861,315 shares of the company’s stock, valued at approximately $65,847,531.75. This trade represents a 10.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 597,421 shares of company stock valued at $45,832,768.

Institutional Trading of Life360

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Life360 by 18.0% during the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after purchasing an additional 1,260,236 shares in the last quarter. Geode Capital Management LLC boosted its stake in Life360 by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock worth $74,372,000 after purchasing an additional 85,857 shares during the last quarter. Norges Bank purchased a new stake in shares of Life360 during the second quarter worth $60,369,000. State Street Corp grew its holdings in shares of Life360 by 17.3% during the fourth quarter. State Street Corp now owns 905,153 shares of the company’s stock worth $58,057,000 after buying an additional 133,722 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Life360 by 86.3% in the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after buying an additional 352,110 shares during the last quarter. 20.00% of the stock is 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.