Life360 (NASDAQ:LIF) Earns Neutral Rating from DA Davidson

Life360 (NASDAQ:LIF)‘s stock had its “neutral” rating reiterated by stock analysts at DA Davidson in a note issued to investors on Tuesday, Benzinga reports. They presently have a $40.00 price target on the stock. DA Davidson’s price target points to a potential downside of 0.10% from the stock’s current price.

LIF has been the topic of several other research reports. Wall Street Zen upgraded shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings raised Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. UBS Group lowered their price target on Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Bank of America upped their price target on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, Citigroup decreased their price objective on Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a report on Thursday, August 13th. One equities 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. Based on data from MarketBeat, Life360 presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.94.

Life360 Stock Performance

Shares of LIF stock traded up $0.06 during trading hours on Tuesday, reaching $40.04. 491,735 shares of the company’s stock were exchanged, compared to its average volume of 984,037. Life360 has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $3.26 billion, a P/E ratio of 23.42 and a beta of 2.24. The business has a fifty 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. Analysts predict that Life360 will post 0.53 EPS for the current fiscal year.

Insider Activity

In other news, Director Brit Morin sold 10,701 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $642,060.00. Following the completion of the transaction, the director directly owned 20,157 shares of the company’s stock, valued at approximately $1,209,420. This represents a 34.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Prober sold 7,930 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $48.59, for a total value of $385,318.70. Following the transaction, the director owned 109,930 shares of the company’s stock, valued at $5,341,498.70. This trade represents a 6.73% 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. Over the last quarter, insiders have sold 398,860 shares of company stock valued at $18,916,805. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LIF. Geode Capital Management LLC grew its holdings in shares of Life360 by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock worth $74,372,000 after purchasing an additional 85,857 shares during the last quarter. Norges Bank bought a new position in Life360 during the 4th quarter valued at about $47,097,000. Principal Financial Group Inc. boosted its position in Life360 by 455.0% in the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after buying an additional 379,941 shares in the last quarter. Bank of America Corp DE grew its stake in Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock worth $16,626,000 after buying an additional 308,632 shares during the last quarter. Finally, Greenspring Advisors LLC bought a new stake in Life360 during the fourth quarter worth about $21,720,000. 20.00% of the stock is owned by institutional investors.

Life360 Company Profile

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.