Life360, Inc. (NASDAQ:LIF) Receives $60.72 Consensus PT from Analysts

Life360, Inc. (NASDAQ:LIF) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $60.7222.

Several equities analysts have recently commented on the company. Morgan Stanley set a $65.20 price objective on Life360 in a research report on Wednesday, August 12th. Bank of America increased their target price on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Citigroup decreased their target price on Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Evercore set a $68.00 price target on Life360 in a research note on Tuesday, May 12th.

Insider Activity at Life360

In other Life360 news, Director John Coghlan sold 4,000 shares of Life360 stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $54.82, for a total value of $219,280.00. Following the sale, the director directly owned 20,431 shares in the company, valued at approximately $1,120,027.42. The trade was a 16.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brit Morin sold 10,701 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $642,060.00. Following the completion of the sale, the director owned 20,157 shares in the company, valued at approximately $1,209,420. The trade was a 34.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 369,557 shares of company stock valued at $17,915,251 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Life360

Institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of Life360 by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after acquiring an additional 254 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in Life360 by 8.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock worth $232,000 after purchasing an additional 273 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Life360 by 21.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock valued at $107,000 after purchasing an additional 292 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Life360 during the third quarter valued at $32,000. Finally, The Manufacturers Life Insurance Company lifted its position in Life360 by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after purchasing an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Stock Performance

LIF opened at $44.17 on Friday. The company has a 50 day simple moving average of $52.02 and a two-hundred day simple moving average of $46.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. The firm has a market cap of $3.60 billion, a P/E ratio of 25.83 and a beta of 2.24. Life360 has a 1-year low of $37.01 and a 1-year high of $112.54.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $158.96 million for the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Equities analysts forecast that Life360 will post 0.53 earnings per share for the current fiscal year.

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.