Life360’s (LIF) Neutral Rating Reiterated at DA Davidson

Life360 (NASDAQ:LIF)‘s stock had its “neutral” rating reissued by analysts at DA Davidson in a report released on Tuesday, Benzinga reports. They presently have a $40.00 price objective on the stock. DA Davidson’s price target would suggest a potential downside of 0.05% from the stock’s current price.

Several other brokerages also recently issued reports on LIF. Wall Street Zen raised shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Morgan Stanley set a $65.20 target price on shares of Life360 in a research report on Wednesday, August 12th. Citigroup decreased their target price on shares of Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research report on Thursday, August 13th. UBS Group reduced their target price on shares of Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Bank of America lifted their target price on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.94.

Life360 Stock Up 0.1%

Shares of NASDAQ:LIF traded up $0.04 during trading hours on Tuesday, reaching $40.02. The stock had a trading volume of 217,669 shares, compared to its average volume of 982,512. Life360 has a 1 year low of $37.01 and a 1 year high of $112.54. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 23.41 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. The firm’s 50 day moving average is $47.63 and its 200-day moving average is $46.18.

Life360 (NASDAQ:LIF) last released its quarterly 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 firm 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%. Research analysts predict that Life360 will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Life360

In other news, Director Brit Morin sold 10,701 shares of Life360 stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $642,060.00. Following the completion of the sale, the director directly owned 20,157 shares in the company, valued at approximately $1,209,420. The trade was a 34.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Prober sold 7,930 shares of the business’s stock in a transaction dated 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 directly owned 109,930 shares of the company’s stock, valued at approximately $5,341,498.70. The trade was 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 90 days, insiders sold 398,860 shares of company stock worth $18,916,805. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Life360

Several large investors have recently modified their holdings of LIF. MCF Advisors LLC purchased a new position in Life360 during the 4th quarter worth $32,000. Pacer Advisors Inc. purchased a new position in Life360 during the 1st quarter valued at $76,000. Royal Bank of Canada grew its stake in shares of 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 buying an additional 949 shares during the last quarter. GAMMA Investing LLC boosted its stake in Life360 by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock valued at $103,000 after purchasing an additional 569 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Life360 in the 2nd quarter worth $126,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.