Life360 (NASDAQ:LIF – Get Free Report)‘s stock had its “neutral” rating reissued by equities research analysts at DA Davidson in a note issued to investors on Tuesday, Benzinga reports. They presently have a $40.00 target price on the stock. DA Davidson’s price objective would indicate a potential downside of 0.10% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. UBS Group dropped their price objective on shares of Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Citigroup dropped their price objective on shares of Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a report on Thursday, August 13th. Bank of America boosted their price objective on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.94.
View Our Latest Stock Report on Life360
Life360 Stock Performance
Life360 (NASDAQ:LIF – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The company had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Analysts expect that Life360 will post 0.53 EPS for the current year.
Insider Activity at Life360
In other Life360 news, Director John Coghlan sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the sale, the director directly owned 16,431 shares of the company’s stock, valued at approximately $689,609.07. This represents a 19.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Prober sold 7,930 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $42.12, for a total transaction of $334,011.60. Following the sale, the director directly owned 109,930 shares in the company, valued at $4,630,251.60. This represents a 6.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 398,860 shares of company stock valued at $18,916,805. Corporate insiders own 6.80% of the company’s stock.
Institutional Trading of Life360
Several large investors have recently added to or reduced their stakes in LIF. Geode Capital Management LLC lifted its position in shares of Life360 by 8.0% during the fourth 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 in the last quarter. Norges Bank acquired a new position in Life360 in the fourth quarter valued at approximately $47,097,000. Greenspring Advisors LLC acquired a new position in Life360 in the fourth quarter valued at approximately $21,720,000. Principal Financial Group Inc. lifted its holdings in Life360 by 455.0% in the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after buying an additional 379,941 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Life360 by 312.8% in 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 during the period. 20.00% of the stock is owned by institutional investors.
About Life360
Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.
The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.
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