Life360 (NASDAQ:LIF) Posts Earnings Results, Misses Expectations By $0.12 EPS

Life360 (NASDAQ:LIF) released its quarterly earnings results on Monday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12), FiscalAI reports. Life360 had a return on equity of 7.81% and a net margin of 30.82%.The company had revenue of $143.12 million for the quarter, compared to analyst estimates of $137.26 million.

Life360 Stock Down 1.7%

Life360 stock traded down $0.77 during midday trading on Monday, hitting $43.28. The stock had a trading volume of 1,122,893 shares, compared to its average volume of 1,227,423. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.49 billion, a P/E ratio of 24.73 and a beta of 2.81. Life360 has a 12 month low of $37.01 and a 12 month high of $112.54. The business has a fifty day moving average price of $43.43 and a 200 day moving average price of $60.06.

Insider Buying and Selling

In other Life360 news, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $37.27, for a total value of $295,551.10. Following the completion of the transaction, the director directly owned 105,456 shares in the company, valued at $3,930,345.12. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 16,105 shares of Life360 stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $45.51, for a total value of $732,938.55. Following the completion of the transaction, the director owned 399,809 shares of the company’s stock, valued at approximately $18,195,307.59. The trade was a 3.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 67,037 shares of company stock valued at $2,859,432.

Hedge Funds Weigh In On Life360

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strive Financial Group LLC acquired a new position in Life360 in the fourth quarter valued at approximately $26,000. NewEdge Advisors LLC acquired a new position in Life360 in the third quarter valued at approximately $32,000. IFP Advisors Inc acquired a new position in Life360 in the third quarter valued at approximately $47,000. Advisors Asset Management Inc. boosted its stake in Life360 by 136.6% in the fourth quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after acquiring an additional 519 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Life360 in the third quarter valued at approximately $80,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LIF. Canaccord Genuity Group decreased their price target on shares of Life360 from $115.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Macquarie Infrastructure assumed coverage on Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price objective for the company. Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Stifel Nicolaus lowered their price objective on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 27th. Finally, UBS Group lowered their price objective on Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.35.

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.