Life360, Inc. (NASDAQ:LIF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Life360, Inc. (NASDAQ:LIFGet Free Report) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $64.8090.

A number of equities research analysts have issued reports on the stock. DA Davidson increased their price objective on shares of Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Weiss Ratings lowered shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Evercore set a $68.00 target price on shares of Life360 in a research note on Tuesday, May 12th. UBS Group reduced their price target on shares of Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th.

Get Our Latest Stock Report on LIF

Insider Transactions at Life360

In related news, Director Brit Morin sold 10,701 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $642,060.00. Following the completion of the transaction, the director directly owned 20,157 shares of the company’s stock, valued at approximately $1,209,420. This represents a 34.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $46.07, for a total value of $365,335.10. Following the sale, the director directly owned 109,911 shares in the company, valued at $5,063,599.77. This trade represents a 6.73% 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. Insiders have sold a total of 94,707 shares of company stock valued at $5,008,946 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Life360

A number of large investors have recently made changes to their positions in LIF. Norges Bank purchased a new position in Life360 in the fourth quarter worth about $47,097,000. Principal Financial Group Inc. raised its position in Life360 by 455.0% during the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after purchasing an additional 379,941 shares during the period. Franklin Resources Inc. lifted its stake in shares of Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after purchasing an additional 352,110 shares during the last quarter. Greenspring Advisors LLC purchased a new position in shares of Life360 in the 4th quarter worth approximately $21,720,000. Finally, Bank of America Corp DE boosted its holdings in shares of Life360 by 312.8% in the 1st quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock worth $16,626,000 after purchasing an additional 308,632 shares during the period. 20.00% of the stock is currently owned by institutional investors.

Life360 Stock Performance

NASDAQ:LIF opened at $63.19 on Tuesday. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. Life360 has a 12-month low of $37.01 and a 12-month high of $112.54. The stock has a 50-day moving average price of $52.43 and a 200 day moving average price of $48.43. The stock has a market capitalization of $5.12 billion, a P/E ratio of 36.53 and a beta of 2.35.

About Life360

(Get Free Report)

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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Analyst Recommendations for Life360 (NASDAQ:LIF)

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