Life360 (NASDAQ:LIF) Given “Neutral” Rating at DA Davidson

Life360 (NASDAQ:LIF)‘s stock had its “neutral” rating restated by equities researchers at DA Davidson in a research note issued on Tuesday, Benzinga reports. They currently have a $40.00 price target on the stock. DA Davidson’s price target indicates a potential downside of 0.52% from the stock’s current price.

Several other equities analysts also recently weighed in on LIF. Wall Street Zen raised Life360 from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Bank of America upped their target price on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Morgan Stanley set a $65.20 price target on Life360 in a research report on Wednesday, August 12th. Weiss Ratings raised Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Citigroup decreased their price objective on shares of Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.94.

Life360 Price Performance

NASDAQ:LIF traded up $0.23 during trading hours on Tuesday, hitting $40.21. The company’s stock had a trading volume of 207,395 shares, compared to its average volume of 982,155. The business’s 50-day moving average is $47.63 and its two-hundred day moving average is $46.18. The company has a market capitalization of $3.28 billion, a PE ratio of 23.35 and a beta of 2.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. Life360 has a 52-week low of $37.01 and a 52-week high of $112.54.

Life360 (NASDAQ:LIF) last issued 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 company had revenue of $158.96 million for the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. As a group, research analysts anticipate that Life360 will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Charles Prober sold 7,930 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $42.12, for a total value of $334,011.60. Following the completion of the transaction, the director owned 109,930 shares of the company’s stock, valued at approximately $4,630,251.60. The trade was a 6.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 dated 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 completion of the transaction, the director owned 382,056 shares in the company, valued at approximately $17,895,503.04. This trade represents a 39.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 398,860 shares of company stock valued at $18,916,805. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Life360

Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Life360 by 23.5% during the 1st quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock valued at $3,536,000 after acquiring an additional 16,461 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Life360 during the 2nd quarter worth approximately $15,547,000. The Manufacturers Life Insurance Company acquired a new position in Life360 during the second quarter valued at approximately $1,444,000. Greenspring Advisors LLC acquired a new stake in Life360 in the 4th quarter valued at $21,720,000. Finally, XY Capital Ltd purchased a new position in Life360 in the fourth quarter valued at about $6,063,000. Hedge funds and other 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.