Shares of Life360, Inc. (NASDAQ:LIF – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $59.94.
A number of research firms have issued reports on LIF. Wall Street Zen upgraded Life360 from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Weiss Ratings raised Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. UBS Group dropped their target price on Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. DA Davidson reaffirmed a “neutral” rating and set a $40.00 target price on shares of Life360 in a research report on Tuesday. Finally, Morgan Stanley set a $65.20 price target on Life360 in a report on Wednesday, August 12th.
Check Out Our Latest Analysis on Life360
Life360 Stock Up 0.2%
Life360 (NASDAQ:LIF – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.06 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 business had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. On average, equities research analysts predict that Life360 will post 0.53 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Alex Haro sold 50,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $40.88, for a total value of $2,044,000.00. Following the completion of the sale, the director owned 1,010,303 shares in the company, valued at $41,301,186.64. This represents a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Synge sold 27,466 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the completion of the sale, the director owned 191,694 shares of the company’s stock, valued at approximately $8,493,961.14. The trade was a 12.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 394,860 shares of company stock worth $18,692,525. Company insiders own 6.80% of the company’s stock.
Hedge Funds Weigh In On Life360
Hedge funds have recently modified their holdings of the company. Cim Investment Management Inc. purchased a new position in shares of Life360 in the 2nd quarter worth approximately $222,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Life360 during the second quarter valued at about $317,000. Nykredit A S bought a new position in Life360 in the 2nd quarter worth approximately $126,000. Amundi boosted its holdings in shares of Life360 by 156.5% in the second quarter. Amundi now owns 12,969 shares of the company’s stock worth $718,000 after acquiring an additional 7,912 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Life360 in the 2nd quarter worth about $908,000. Institutional investors own 20.00% of the company’s stock.
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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