Life360 (NASDAQ:LIF) Price Target Raised to $66.00

Life360 (NASDAQ:LIF) had its price target upped by stock analysts at Bank of America from $60.00 to $66.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 18.79% from the company’s current price.

LIF has been the topic of several other research reports. DA Davidson lifted their price objective on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Wall Street Zen cut shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Evercore set a $68.00 price objective on shares of Life360 in a report on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a research note on Tuesday, May 12th. Finally, Macquarie Infrastructure began coverage on Life360 in a report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.65.

Life360 Stock Performance

Shares of Life360 stock opened at $55.56 on Thursday. The stock’s fifty day simple moving average is $47.34 and its 200 day simple moving average is $49.25. 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 company has a market capitalization of $4.50 billion, a PE ratio of 32.12 and a beta of 2.34. Life360 has a 12 month low of $37.01 and a 12 month high of $112.54.

Insider Buying and Selling at Life360

In other news, Director Brit Morin sold 4,655 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $55.00, for a total transaction of $256,025.00. Following the completion of the transaction, the director directly owned 25,975 shares in the company, valued at $1,428,625. This represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 16,379 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $40.34, for a total value of $660,728.86. Following the completion of the transaction, the director owned 403,485 shares of the company’s stock, valued at $16,276,584.90. The trade was a 3.90% 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. Insiders sold a total of 57,006 shares of company stock worth $2,614,066 in the last three months. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Life360 by 8.0% in 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 in the last quarter. State Street Corp raised its position in Life360 by 17.3% during the fourth quarter. State Street Corp now owns 905,153 shares of the company’s stock worth $58,057,000 after acquiring an additional 133,722 shares in the last quarter. Franklin Resources Inc. lifted its stake in Life360 by 86.3% in the third 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 during the last quarter. Norges Bank acquired a new stake in Life360 in the fourth quarter valued at $47,097,000. Finally, Federated Hermes Inc. grew its position in shares of Life360 by 31.7% in the 4th quarter. Federated Hermes Inc. now owns 588,182 shares of the company’s stock valued at $37,726,000 after acquiring an additional 141,438 shares during the period. 20.00% of the stock is owned by institutional investors and hedge funds.

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.