Life360 (NASDAQ:LIF) Given “Neutral” Rating at DA Davidson

Life360 (NASDAQ:LIF)‘s stock had its “neutral” rating reissued by equities research analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They currently have a $40.00 price objective on the stock. DA Davidson’s price target indicates a potential upside of 0.93% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research note on Friday, March 27th. Canaccord Genuity Group set a $72.00 price target on Life360 in a research note on Tuesday. 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 research report on Tuesday, January 27th. Bank of America initiated coverage on shares of Life360 in a report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Life360 currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.94.

Life360 Stock Up 2.6%

Shares of NASDAQ LIF traded up $1.01 during mid-day trading on Wednesday, hitting $39.63. 661,699 shares of the stock traded hands, compared to its average volume of 1,232,203. Life360 has a 52 week low of $37.01 and a 52 week high of $112.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26. The stock has a fifty day moving average price of $42.85 and a 200-day moving average price of $59.07. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 22.84 and a beta of 2.81.

Insider Buying and Selling at Life360

In other news, Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $44.16, for a total transaction of $176,640.00. Following the transaction, the director owned 32,431 shares of the company’s stock, valued at approximately $1,432,152.96. The trade was a 10.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 16,105 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $45.51, for a total value of $732,938.55. Following the sale, the director owned 399,809 shares in the company, valued at $18,195,307.59. The trade was a 3.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 67,037 shares of company stock worth $2,859,432.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Life360 by 18.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after purchasing an additional 1,260,236 shares during the period. Geode Capital Management LLC increased its stake in shares of Life360 by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock valued at $74,372,000 after buying an additional 85,857 shares during the period. State Street Corp increased its holdings in shares of 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 during the period. Franklin Resources Inc. grew its holdings in Life360 by 86.3% in the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after purchasing an additional 352,110 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after purchasing an additional 459,463 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.