Life360 (NASDAQ:LIF – Get Free Report) posted its earnings results on Monday. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12), FiscalAI reports. The business had revenue of $143.12 million during the quarter, compared to analyst estimates of $137.26 million. Life360 had a net margin of 30.82% and a return on equity of 7.81%.
Life360 Price Performance
LIF traded down $0.77 during trading on Monday, reaching $43.28. The stock had a trading volume of 1,122,893 shares, compared to its average volume of 1,227,423. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 24.73 and a beta of 2.81. The company has a quick ratio of 6.16, a current ratio of 6.26 and a debt-to-equity ratio of 0.57. Life360 has a 1-year low of $37.01 and a 1-year high of $112.54. The stock has a 50 day moving average of $43.43 and a two-hundred day moving average of $60.06.
Wall Street Analysts Forecast Growth
LIF has been the topic of several recent analyst reports. UBS Group cut their target price on Life360 from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Macquarie Infrastructure initiated coverage on Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price on the stock. Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Bank of America initiated coverage on Life360 in a research note on Wednesday, April 22nd. They set a “buy” rating and a $60.00 target price on the stock. Finally, DA Davidson downgraded Life360 from a “buy” rating to a “neutral” rating and cut their target price for the company from $70.00 to $40.00 in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.35.
Insider Transactions at Life360
In other Life360 news, CEO Lauren Antonoff sold 2,716 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $45.23, for a total value of $122,844.68. Following the completion of the sale, the chief executive officer directly owned 309,781 shares in the company, valued at $14,011,394.63. This represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $37.27, for a total value of $295,551.10. Following the completion of the sale, the director owned 105,456 shares of the company’s stock, valued at $3,930,345.12. This trade represents a 6.99% decrease in their ownership of the stock. 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 ninety days, insiders have sold 67,037 shares of company stock valued at $2,859,432.
Institutional Investors Weigh In On Life360
Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new stake in Life360 in the third quarter worth approximately $32,000. Strive Financial Group LLC acquired a new stake in shares of Life360 during the 4th quarter valued at $26,000. IFP Advisors Inc acquired a new stake in shares of Life360 during the 3rd quarter valued at $47,000. Advisory Services Network LLC acquired a new stake in shares of Life360 during the 3rd quarter valued at $80,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Life360 by 136.6% during the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after acquiring an additional 519 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Life360
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Receive News & Ratings for Life360 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life360 and related companies with MarketBeat.com's FREE daily email newsletter.
