Life360’s (LIF) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Life360 (NASDAQ:LIF) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $115.00 target price on the stock.

Other research analysts have also recently issued research reports about the stock. Citigroup reiterated a “market outperform” rating on shares of Life360 in a report on Tuesday, November 11th. Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Stifel Nicolaus set a $92.00 target price on Life360 in a report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research note on Monday, December 8th. Finally, Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.63.

Life360 Stock Up 4.4%

Shares of Life360 stock opened at $63.08 on Tuesday. The company has a market capitalization of $4.95 billion, a P/E ratio of 185.53 and a beta of 3.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The business has a 50-day moving average of $82.27 and a two-hundred day moving average of $81.45. Life360 has a 1 year low of $29.62 and a 1 year high of $112.54.

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

Insider Transactions at Life360

In related news, Director James Synge sold 3,966 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total transaction of $253,665.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alex Haro sold 1,887 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total value of $120,692.52. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 617,568 shares of company stock valued at $47,963,187. Company insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Life360

Several institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its stake in shares of Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after buying an additional 239 shares during the last quarter. NewEdge Advisors LLC bought a new position in Life360 in the 3rd quarter valued at about $32,000. CWM LLC raised its holdings in 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. IFP Advisors Inc acquired a new stake in Life360 during the third quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Life360 by 1,663.3% during the third 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 period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.