Life360, Inc. (NASDAQ:LIF) Receives Average Recommendation of “Moderate Buy” from Analysts

Life360, Inc. (NASDAQ:LIF) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $69.35.

LIF has been the topic of a number of recent analyst reports. Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Stifel Nicolaus decreased their target price on Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Canaccord Genuity Group decreased their target price on Life360 from $115.00 to $94.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. DA Davidson cut Life360 from a “buy” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $40.00 in a research report on Thursday, March 19th. Finally, Citigroup decreased their target price on Life360 from $68.50 to $68.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th.

Insiders Place Their Bets

In other Life360 news, CEO Lauren Antonoff sold 17,153 shares of Life360 stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.86, for a total value of $769,483.58. Following the transaction, the chief executive officer owned 288,232 shares in the company, valued at $12,930,087.52. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $41.32, for a total value of $165,280.00. Following the completion of the transaction, the director owned 36,431 shares in the company, valued at approximately $1,505,328.92. This represents a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 63,037 shares of company stock worth $2,682,792. Insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. increased its stake in shares of Life360 by 158.4% in the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after buying an additional 459,463 shares during the period. Vanguard Group Inc. increased its stake in shares of Life360 by 18.0% in the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after buying an additional 1,260,236 shares during the period. Permanent Capital Management LP acquired a new position in shares of Life360 in the third quarter valued at approximately $2,290,000. Osaic Holdings Inc. increased its stake in shares of Life360 by 8,595.9% in the second quarter. Osaic Holdings Inc. now owns 44,784 shares of the company’s stock valued at $2,922,000 after buying an additional 44,269 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Life360 in the third quarter valued at approximately $5,762,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Stock Up 6.2%

LIF stock opened at $45.75 on Friday. The company has a market cap of $3.69 billion, a PE ratio of 26.14 and a beta of 2.82. The business has a 50-day simple moving average of $43.70 and a 200 day simple moving average of $61.36. Life360 has a 52 week low of $37.01 and a 52 week high of $112.54. The company has a quick ratio of 6.16, a current ratio of 6.26 and a debt-to-equity ratio of 0.57.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.