Life360 (NASDAQ:LIF - Get Free Report) received a $75.00 target price from Canaccord Genuity Group in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 14.12% from the stock's previous close.
Other equities research analysts have also issued reports about the stock. Stifel Nicolaus decreased their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. UBS Group lifted their price objective on Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a report on Monday, June 16th. JMP Securities increased their target price on Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a report on Monday, June 16th. Citigroup reissued an "outperform" rating on shares of Life360 in a research report on Monday, June 16th. Finally, Loop Capital boosted their price target on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $59.50.
View Our Latest Research Report on LIF
Life360 Trading Up 2.8%
LIF traded up $1.80 during trading on Wednesday, hitting $65.72. 299,788 shares of the company's stock traded hands, compared to its average volume of 480,431. The stock has a market capitalization of $5.03 billion and a price-to-earnings ratio of 730.22. The company's 50 day simple moving average is $57.30 and its two-hundred day simple moving average is $46.98. Life360 has a 12-month low of $28.94 and a 12-month high of $67.11.
Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. The firm had revenue of $103.62 million for the quarter, compared to the consensus estimate of $101.48 million. Life360 had a return on equity of 4.05% and a net margin of 2.42%. On average, equities analysts expect that Life360 will post -0.17 EPS for the current year.
Insider Activity at Life360
In other Life360 news, Director Brit Morin sold 448 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $63.23, for a total transaction of $28,327.04. Following the transaction, the director directly owned 25,994 shares in the company, valued at $1,643,600.62. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles J. Prober sold 7,942 shares of Life360 stock in a transaction on Friday, June 13th. The shares were sold at an average price of $61.63, for a total value of $489,465.46. Following the sale, the director directly owned 105,456 shares of the company's stock, valued at approximately $6,499,253.28. This trade represents a 7.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,308 shares of company stock worth $5,451,594 over the last ninety days. 8.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Life360
Several hedge funds have recently modified their holdings of LIF. New York State Common Retirement Fund purchased a new position in Life360 during the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. grew its stake in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after acquiring an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Life360 by 937.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after purchasing an additional 1,978 shares in the last quarter. Finally, Strs Ohio purchased a new position in Life360 during the 1st quarter worth $157,000. Hedge funds and other institutional investors own 20.00% of the company's stock.
About Life360
(
Get Free Report)
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.
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