Life360, Inc. (LIF) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Eleven brokerages give Life360 a consensus “Moderate Buy” rating, with an average 12-month price target of $59.94 versus the stock’s reported $41.07 price.
• Life360 shares have declined significantly: The stock was down 2.5% and trading well below its 1-year high of $100.18. Its latest quarterly revenue of $158.96 million exceeded estimates, but earnings per share of $0.06 fell short of the $0.08 consensus.
• Insiders have been selling shares while institutions added exposure: Insiders sold 456,790 shares worth approximately $21.3 million during the latest quarter, while several major institutional investors increased their holdings; institutions own 20% of the stock.

Life360, Inc. (NASDAQ:LIF - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven brokerages that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $59.94.

A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $65.20 target price on shares of Life360 in a research report on Wednesday, August 12th. Wall Street Zen raised Life360 from a "sell" rating to a "hold" rating in a research report on Saturday, September 19th. Citigroup reduced their price target on Life360 from $66.65 to $60.10 and set a "buy" rating for the company in a research report on Thursday, August 13th. Bank of America upped their price target on Life360 from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings raised Life360 from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th.

Insider Transactions at Life360

In related news, Director John Coghlan sold 4,000 shares of Life360 stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $40.37, for a total value of $161,480.00. Following the transaction, the director owned 12,431 shares in the company, valued at $501,839.47. This trade represents a 24.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 250,000 shares of Life360 stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $46.84, for a total value of $11,710,000.00. Following the completion of the transaction, the director owned 382,056 shares in the company, valued at $17,895,503.04. The trade was a 39.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 456,790 shares of company stock worth $21,269,295. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LIF. Principal Financial Group Inc. raised its holdings in shares of Life360 by 455.0% in the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company's stock worth $18,918,000 after buying an additional 379,941 shares in the last quarter. Bank of America Corp DE raised its position in Life360 by 312.8% in the 1st quarter. Bank of America Corp DE now owns 407,296 shares of the company's stock valued at $16,626,000 after purchasing an additional 308,632 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Life360 in the 2nd quarter valued at $15,547,000. Dimensional Fund Advisors LP boosted its stake in Life360 by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 303,479 shares of the company's stock worth $12,385,000 after purchasing an additional 49,429 shares in the last quarter. Finally, Greenspring Advisors LLC acquired a new position in Life360 in the second quarter worth $9,592,000. 20.00% of the stock is owned by institutional investors.

Life360 Stock Down 2.5%

NASDAQ:LIF opened at $41.07 on Friday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 24.02 and a beta of 2.27. Life360 has a 1-year low of $37.01 and a 1-year high of $100.18. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. The business's fifty day moving average price is $43.64 and its 200 day moving average price is $46.24.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). Life360 had a return on equity of 5.66% and a net margin of 25.73%. The business had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. On average, sell-side analysts forecast that Life360 will post 0.53 earnings per share for the current fiscal year.

Life360 Company Profile

Life360, Inc is a technology company that develops products designed to help families and groups stay connected, coordinate activities and improve personal safety. Its flagship Life360 mobile application provides location sharing, communication tools, driving-related features, emergency assistance and other services intended for family and community use.

The company also operates Tile, a brand of Bluetooth-enabled item-finding devices and related software that helps users locate keys, luggage, electronics and other belongings.

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