Macquarie Infrastructure Upgrades Life360 (NASDAQ:LIF) to Strong-Buy

Life360 (NASDAQ:LIF) was upgraded by research analysts at Macquarie Infrastructure to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

LIF has been the subject of several other reports. DA Davidson cut shares of Life360 from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $40.00 in a research report on Thursday, March 19th. Canaccord Genuity Group cut their price objective on shares of Life360 from $115.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Citigroup cut their price objective on shares of Life360 from $68.50 to $68.30 and set a “buy” rating for the company in a research report on Thursday, April 9th. Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Stifel Nicolaus reduced their price objective on shares of Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.35.

Life360 Price Performance

Life360 stock opened at $43.09 on Tuesday. Life360 has a 12-month low of $37.01 and a 12-month high of $112.54. The stock has a market cap of $3.48 billion, a P/E ratio of 24.62 and a beta of 3.90. The company has a 50-day moving average price of $43.70 and a 200 day moving average price of $61.65. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57.

Insider Activity at Life360

In related news, CEO Lauren Antonoff sold 2,716 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $45.23, for a total value of $122,844.68. Following the sale, the chief executive officer directly owned 309,781 shares in the company, valued at approximately $14,011,394.63. The trade was a 0.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $37.27, for a total transaction of $295,551.10. Following the completion of the sale, the director owned 105,456 shares in the company, valued at approximately $3,930,345.12. This trade represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 63,037 shares of company stock valued at $2,682,792 in the last quarter. Corporate insiders own 8.00% of the company’s stock.

Institutional Trading of Life360

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Life360 by 18.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after buying an additional 1,260,236 shares during the period. Geode Capital Management LLC grew its position in Life360 by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock valued at $74,372,000 after acquiring an additional 85,857 shares in the last quarter. State Street Corp grew its position in Life360 by 17.3% in the 4th quarter. State Street Corp now owns 905,153 shares of the company’s stock valued at $58,057,000 after acquiring an additional 133,722 shares in the last quarter. Franklin Resources Inc. grew its position in Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after acquiring an additional 352,110 shares in the last quarter. Finally, Citigroup Inc. grew its position in Life360 by 158.4% in the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after acquiring an additional 459,463 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.