Life360 (NASDAQ:LIF) Sees Strong Trading Volume – Should You Buy?

Shares of Life360, Inc. (NASDAQ:LIF) saw an uptick in trading volume on Tuesday . 881,163 shares traded hands during mid-day trading, an increase of 100% from the previous session’s volume of 439,539 shares.The stock last traded at $62.67 and had previously closed at $61.11.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Loop Capital upped their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. UBS Group boosted their price target on shares of Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Finally, Canaccord Genuity Group raised their target price on Life360 from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $51.00.

Life360 Stock Performance

The company has a fifty day simple moving average of $46.55 and a two-hundred day simple moving average of $44.66. The stock has a market capitalization of $4.90 billion and a price-to-earnings ratio of 711.22.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. The company had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, equities analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $42.51, for a total transaction of $131,951.04. Following the completion of the transaction, the chief financial officer now owns 184,961 shares in the company, valued at $7,862,692.11. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Susan L. Stick sold 500 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $62.23, for a total value of $31,115.00. Following the sale, the general counsel now owns 110,809 shares in the company, valued at approximately $6,895,644.07. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,033 shares of company stock valued at $4,436,238. Corporate insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund purchased a new stake in shares of Life360 in the 4th quarter valued at $25,000. Summit Investment Advisors Inc. grew its holdings in shares of Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after buying an additional 484 shares during the last quarter. GAMMA Investing LLC lifted its stake in Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock valued at $84,000 after acquiring an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Life360 by 937.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after acquiring an additional 1,978 shares during the period. Finally, KBC Group NV bought a new stake in shares of Life360 during the 4th quarter valued at $147,000. Institutional investors own 20.00% of the company’s stock.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.