Life360 (NASDAQ:LIF) Cut to Hold at Zacks Research

Life360 (NASDAQ:LIF) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

LIF has been the subject of several other research reports. Citigroup initiated coverage on Life360 in a research report on Thursday, July 31st. They issued a “buy” rating and a $90.00 price objective for the company. UBS Group lifted their price target on Life360 from $85.00 to $120.00 and gave the company a “buy” rating in a report on Friday, September 19th. Evercore ISI increased their price objective on shares of Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. JMP Securities boosted their target price on shares of Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 12th. Finally, Canaccord Genuity Group upped their target price on shares of Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.43.

Life360 Trading Down 3.9%

Shares of LIF stock opened at $91.69 on Wednesday. The company has a market capitalization of $7.11 billion, a P/E ratio of 286.54 and a beta of 3.41. Life360 has a 12-month low of $29.62 and a 12-month high of $112.54. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $98.49 and a 200 day moving average price of $76.79.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The firm had revenue of $115.38 million for the quarter, compared to analysts’ expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. Research analysts forecast that Life360 will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark Goines sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $86.87, for a total value of $1,737,400.00. Following the transaction, the director owned 71,809 shares of the company’s stock, valued at approximately $6,238,047.83. This trade represents a 21.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $98.93, for a total transaction of $309,156.25. Following the sale, the director owned 15,235 shares of the company’s stock, valued at approximately $1,507,198.55. This represents a 17.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 157,729 shares of company stock worth $14,084,103. Corporate insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its stake in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after buying an additional 239 shares during the period. CWM LLC raised its position in shares of Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after acquiring an additional 160 shares during the period. Jones Financial Companies Lllp boosted its stake in Life360 by 1,663.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock worth $55,000 after acquiring an additional 499 shares during the last quarter. Keystone Financial Group Inc. acquired a new position in Life360 during the second quarter valued at approximately $62,000. Finally, State of Wyoming bought a new stake in Life360 in the second quarter valued at approximately $96,000. 20.00% of the stock is owned by institutional investors and hedge funds.

About Life360

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.