Life360, Inc. (NASDAQ:LIF – Get Free Report) has earned an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $63.9833.
A number of brokerages have recently commented on LIF. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research report on Tuesday, May 12th. Evercore set a $68.00 target price on Life360 in a research report on Tuesday, May 12th. Bank of America initiated coverage on Life360 in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price target on the stock. Citigroup lifted their price target on Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a report on Monday, July 6th. Finally, UBS Group lowered their target price on shares of Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, May 12th.
Check Out Our Latest Report on Life360
Insider Activity at Life360
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its holdings in shares of Life360 by 2.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 25,300 shares of the company’s stock worth $1,401,000 after purchasing an additional 600 shares during the period. GAMMA Investing LLC grew its holdings in shares of Life360 by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after purchasing an additional 569 shares during the period. Pacer Advisors Inc. acquired a new position in Life360 during the first quarter valued at approximately $76,000. Bank of America Corp DE lifted its position in Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock valued at $16,626,000 after buying an additional 308,632 shares in the last quarter. Finally, Amundi purchased a new stake in Life360 during the first quarter worth approximately $206,000. Institutional investors and hedge funds own 20.00% of the company’s stock.
Life360 Trading Up 1.5%
Shares of Life360 stock opened at $53.00 on Friday. Life360 has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The firm has a market cap of $4.29 billion, a PE ratio of 30.64 and a beta of 2.34. The business’s fifty day moving average is $47.10 and its two-hundred day moving average is $49.32. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.
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.
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