Life360 (NASDAQ:LIF – Get Free Report)‘s stock had its “neutral” rating restated by research analysts at DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $40.00 price objective on the stock. DA Davidson’s price objective points to a potential downside of 0.76% from the stock’s previous close.
A number of other analysts also recently issued reports on the stock. Bank of America lifted their price objective on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Citigroup lowered 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. Finally, Morgan Stanley set a $65.20 price objective on shares of Life360 in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.94.
Check Out Our Latest Stock Report on Life360
Life360 Stock Up 0.8%
Life360 (NASDAQ:LIF – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Life360 had a net margin of 25.73% and a return on equity of 5.66%. The company had revenue of $158.96 million during the quarter, compared to the consensus estimate of $156.68 million. Equities analysts anticipate that Life360 will post 0.53 EPS for the current year.
Insider Buying and Selling at Life360
In related news, Director James Synge sold 27,466 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the transaction, the director directly owned 191,694 shares in the company, valued at approximately $8,493,961.14. The trade was a 12.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chris Hulls sold 250,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the transaction, the director owned 382,056 shares in the company, valued at approximately $17,895,503.04. The trade was a 39.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 398,860 shares of company stock valued at $18,916,805 in the last 90 days. Company insiders own 6.80% of the company’s stock.
Hedge Funds Weigh In On Life360
A number of institutional investors have recently added to or reduced their stakes in LIF. Geode Capital Management LLC increased its holdings in shares of Life360 by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock valued at $74,372,000 after purchasing an additional 85,857 shares during the last quarter. Norges Bank acquired a new position in shares of Life360 in the fourth quarter valued at $47,097,000. Greenspring Advisors LLC acquired a new position in shares of Life360 in the fourth quarter valued at $21,720,000. Principal Financial Group Inc. increased its holdings in shares of 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 purchasing an additional 379,941 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of 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 purchasing an additional 308,632 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.
Life360 Company Profile
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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