Shares of Life360, Inc. (NASDAQ:LIF – Get Free Report) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $59.94.
A number of research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. DA Davidson restated a “neutral” rating and set a $40.00 price target on shares of Life360 in a research note on Tuesday, September 29th. Morgan Stanley set a $65.20 target price on Life360 in a report on Wednesday, August 12th. UBS Group decreased their price objective on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Finally, 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 research note on Thursday, July 16th.
Read Our Latest Research Report on LIF
Insider Buying and Selling
In other 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 sale, the director directly owned 191,694 shares of the company’s stock, valued at $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 available through this hyperlink. Also, Director John Coghlan sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $40.37, for a total transaction of $161,480.00. Following the transaction, the director directly owned 12,431 shares of the company’s stock, valued at $501,839.47. This represents a 24.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 456,790 shares of company stock worth $21,269,295 over the last ninety days. Company insiders own 6.80% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of LIF. Principal Financial Group Inc. increased its holdings in Life360 by 455.0% in the 1st 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. Bank of America Corp DE raised 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 valued at $16,626,000 after buying an additional 308,632 shares during the period. Bank of New York Mellon Corp purchased a new position in Life360 during the 2nd quarter valued at about $15,547,000. Greenspring Advisors LLC acquired a new position in Life360 in the 2nd quarter valued at about $9,592,000. Finally, Legal & General Group Plc acquired a new stake in shares of Life360 during the second quarter worth about $9,467,000. Institutional investors and hedge funds own 20.00% of the company’s stock.
Life360 Trading Down 2.6%
LIF opened at $45.23 on Friday. The stock has a 50-day moving average of $42.80 and a 200 day moving average of $46.39. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. Life360 has a 12 month low of $37.01 and a 12 month high of $100.18. The firm has a market cap of $3.69 billion, a P/E ratio of 26.45 and a beta of 2.27.
Life360 (NASDAQ:LIF – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $158.96 million for the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. As a group, research analysts forecast that Life360 will post 0.53 EPS for the current year.
About Life360
Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.
The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.
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