Life360, Inc. (NASDAQ:LIF) Given Average Recommendation of “Moderate Buy” by Analysts

Life360, Inc. (NASDAQ:LIFGet 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

In other Life360 news, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction on Monday, June 15th. The shares were sold at an average price of $46.07, for a total value of $365,335.10. Following the transaction, the director owned 109,911 shares in the company, valued at $5,063,599.77. This trade represents a 6.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lauren Antonoff sold 2,716 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $45.23, for a total transaction of $122,844.68. Following the sale, the chief executive officer directly owned 309,781 shares of the company’s stock, valued at $14,011,394.63. This represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 75,827 shares of company stock valued at $3,469,849 over the last 90 days. 6.80% of the stock is currently owned by insiders.

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

(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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