DA Davidson Reaffirms “Neutral” Rating for Life360 (NASDAQ:LIF)

Life360 (NASDAQ:LIF)‘s stock had its “neutral” rating reaffirmed by equities research analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They currently have a $40.00 target price on the stock. DA Davidson’s price objective would suggest a potential downside of 0.10% from the stock’s current price.

Other research analysts also recently issued reports about the company. Wall Street Zen raised Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Bank of America boosted their price objective on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. UBS Group dropped their price objective on shares of Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Finally, Morgan Stanley set a $65.20 price objective on shares of Life360 in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Life360 presently has an average rating of “Moderate Buy” and a consensus target price of $59.94.

Life360 Price Performance

Shares of LIF traded up $0.06 on Tuesday, hitting $40.04. The company’s stock had a trading volume of 491,735 shares, compared to its average volume of 984,037. The company has a market capitalization of $3.26 billion, a PE ratio of 23.42 and a beta of 2.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. Life360 has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The company has a 50 day moving average price of $47.63 and a 200 day moving average price of $46.18.

Life360 (NASDAQ:LIF) last announced its earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. On average, research analysts anticipate that Life360 will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Life360

In other Life360 news, Director John Coghlan sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the sale, the director owned 16,431 shares in the company, valued at approximately $689,609.07. The trade was a 19.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 250,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the sale, the director owned 382,056 shares of the company’s stock, valued at $17,895,503.04. The trade was a 39.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 398,860 shares of company stock worth $18,916,805. 6.80% of the stock is owned by company insiders.

Institutional Trading of Life360

A number of large investors have recently made changes to their positions in LIF. MCF Advisors LLC acquired a new position in Life360 in the 4th quarter worth $32,000. GAMMA Investing LLC boosted its stake in Life360 by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after purchasing an additional 569 shares during the period. Pacer Advisors Inc. acquired a new position in Life360 in the 1st quarter worth $76,000. Royal Bank of Canada boosted its stake in Life360 by 85.5% in the 1st quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock worth $84,000 after purchasing an additional 949 shares during the period. Finally, Nykredit A S acquired a new position in Life360 in the 2nd quarter worth $126,000. Institutional investors own 20.00% of the company’s stock.

About Life360

Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.

The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.