Life360 (NASDAQ:LIF) Upgraded to Strong-Buy at DA Davidson

DA Davidson upgraded shares of Life360 (NASDAQ:LIF) to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup restated a “market outperform” rating on shares of Life360 in a research note on Tuesday, November 11th. Stifel Nicolaus set a $92.00 target price on Life360 in a report on Tuesday. UBS Group dropped their price target on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

Life360 Stock Down 2.2%

Shares of NASDAQ:LIF traded down $1.49 during mid-day trading on Thursday, hitting $67.57. 569,322 shares of the company traded hands, compared to its average volume of 883,906. The stock has a 50-day moving average price of $85.86 and a two-hundred day moving average price of $81.45. Life360 has a 12-month low of $29.62 and a 12-month high of $112.54. The stock has a market cap of $5.30 billion, a P/E ratio of 198.74 and a beta of 3.60. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The business had revenue of $124.50 million during the quarter, compared to analyst estimates of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. On average, equities research analysts forecast that Life360 will post -0.17 earnings per share for the current year.

Insider Buying and Selling at Life360

In other news, Director Mark Goines sold 15,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $74.19, for a total transaction of $1,112,850.00. Following the completion of the transaction, the director owned 56,809 shares in the company, valued at approximately $4,214,659.71. This represents a 20.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lauren Antonoff sold 19,442 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.24, for a total value of $1,482,258.08. Following the completion of the sale, the chief executive officer owned 305,385 shares in the company, valued at $23,282,552.40. This represents a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 609,869 shares of company stock valued at $47,724,043 in the last quarter. Insiders own 8.00% of the company’s stock.

Institutional Trading of Life360

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its holdings in Life360 by 824.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after purchasing an additional 239 shares during the period. NewEdge Advisors LLC bought a new stake in Life360 during the third quarter valued at $32,000. CWM LLC grew its position in Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after buying an additional 160 shares in the last quarter. IFP Advisors Inc bought a new position in Life360 in the 3rd quarter worth about $47,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Life360 by 1,663.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after acquiring an additional 499 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

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.