Life360 (NASDAQ:LIF) Stock Price Expected to Rise, DA Davidson Analyst Says

Life360 (NASDAQ:LIF) had its price target increased by equities research analysts at DA Davidson from $40.00 to $42.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price target would indicate a potential downside of 15.42% from the stock’s previous close.

A number of other research firms have also recently issued reports on LIF. Macquarie Infrastructure started coverage on Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price on the stock. UBS Group lowered their price target on shares of Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen downgraded shares of Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Citigroup reissued a “buy” rating on shares of Life360 in a research note on Monday, June 8th. Finally, Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.17.

Life360 Stock Performance

LIF traded up $0.64 on Monday, hitting $49.66. 148,909 shares of the company’s stock were exchanged, compared to its average volume of 1,119,177. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $43.76 and a two-hundred day moving average of $51.16. Life360 has a twelve month low of $37.01 and a twelve month high of $112.54. The firm has a market cap of $4.02 billion, a PE ratio of 28.64 and a beta of 2.63.

Insider Transactions at Life360

In related news, CEO Lauren Antonoff sold 2,716 shares of the business’s stock in a transaction that occurred on 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 $14,011,394.63. The trade was a 0.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 on Monday, June 15th. The stock was sold at an average price of $46.07, for a total value of $365,335.10. Following the sale, the director directly owned 109,911 shares in the company, valued at $5,063,599.77. This trade represents a 6.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 63,060 shares of company stock worth $2,695,278 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Strive Financial Group LLC acquired a new stake in shares of Life360 in the fourth quarter worth $26,000. MCF Advisors LLC acquired a new position in Life360 during the 4th quarter worth $32,000. NewEdge Advisors LLC acquired a new stake in shares of Life360 in the third quarter valued at about $32,000. IFP Advisors Inc bought a new position in shares of Life360 in the third quarter worth about $47,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Life360 by 136.6% during the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock worth $58,000 after purchasing an additional 519 shares during the last quarter. 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.