Life360 (NASDAQ:LIF) Price Target Raised to $62.00

Life360 (NASDAQ:LIF) had its price objective upped by JMP Securities from $55.00 to $62.00 in a research report released on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

Several other equities analysts have also recently commented on the company. UBS Group upped their price target on Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Canaccord Genuity Group upped their price target on Life360 from $58.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Stifel Nicolaus cut their price target on Life360 from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, Loop Capital upped their price target on Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $58.67.

Life360 Stock Up 0.7%

Life360 stock opened at $62.67 on Monday. The business has a 50 day moving average price of $52.10 and a two-hundred day moving average price of $45.93. The stock has a market cap of $4.80 billion and a price-to-earnings ratio of 696.33. Life360 has a 12 month low of $28.94 and a 12 month high of $65.79.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.09. The firm had revenue of $103.62 million during the quarter, compared to analysts’ expectations of $101.48 million. Life360 had a return on equity of 4.05% and a net margin of 2.42%. On average, analysts expect that Life360 will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brit Morin sold 47,584 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $61.14, for a total value of $2,909,285.76. Following the sale, the director now directly owns 26,442 shares in the company, valued at approximately $1,616,663.88. This represents a 64.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Susan L. Stick sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $62.23, for a total value of $31,115.00. Following the completion of the sale, the general counsel now owns 110,809 shares in the company, valued at approximately $6,895,644.07. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,485 shares of company stock worth $5,563,017. Company insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Life360

A number of large investors have recently bought and sold shares of LIF. Vanguard Group Inc. grew its position in Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock worth $218,194,000 after acquiring an additional 5,540,302 shares during the last quarter. Franklin Resources Inc. grew its position in Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock worth $22,269,000 after acquiring an additional 432,292 shares during the last quarter. Bank of New York Mellon Corp grew its position in Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company’s stock worth $21,087,000 after acquiring an additional 418,493 shares during the last quarter. Marshall Wace LLP lifted its holdings in Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock worth $16,975,000 after buying an additional 190,422 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Life360 by 1,233.3% during the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company’s stock worth $8,286,000 after buying an additional 185,722 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.