Life360, Inc. (NASDAQ:LIF) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts remain moderately bullish: Life360 has a consensus “Moderate Buy” rating from 11 analysts, with an average 12-month price target of approximately $59.94. However, several firms recently lowered their targets, including UBS, Citigroup, and DA Davidson.
• Recent results were mixed: Life360 reported quarterly revenue of $158.96 million, exceeding expectations, but adjusted earnings of $0.06 per share missed the $0.08 consensus estimate.
• Shares have weakened amid insider selling: LIF opened at $40.98, near its 12-month low of $37.01, while insiders sold approximately $17.1 million worth of stock over the past 90 days under pre-arranged trading plans.

Life360, Inc. (NASDAQ:LIF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $59.9444.

Several brokerages have recently commented on LIF. UBS Group reduced their price target on shares of Life360 from $64.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Citigroup reduced their target price on Life360 from $66.65 to $60.10 and set a "buy" rating on the stock in a report on Thursday, August 13th. DA Davidson decreased their target price on Life360 from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, September 15th. Morgan Stanley set a $65.20 price target on Life360 in a report on Wednesday, August 12th. Finally, Weiss Ratings raised Life360 from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 4th.

Insider Buying and Selling

In other news, Director Brit Morin sold 10,701 shares of Life360 stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $642,060.00. Following the completion of the transaction, the director directly owned 20,157 shares of the company's stock, valued at approximately $1,209,420. The trade was a 34.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $48.59, for a total transaction of $385,318.70. Following the sale, the director directly owned 109,930 shares of the company's stock, valued at approximately $5,341,498.70. This represents a 6.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 353,515 shares of company stock worth $17,128,830. Company insiders own 6.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in Life360 during the 4th quarter valued at about $32,000. GAMMA Investing LLC increased its stake in shares of Life360 by 44.0% during the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company's stock valued at $103,000 after acquiring an additional 569 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Life360 during the first quarter valued at approximately $76,000. Royal Bank of Canada raised its stake in shares of Life360 by 85.5% in the 1st quarter. Royal Bank of Canada now owns 2,059 shares of the company's stock worth $84,000 after buying an additional 949 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Life360 in the second quarter valued at $126,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Stock Down 0.2%

LIF stock opened at $40.98 on Wednesday. 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 firm has a 50 day simple moving average of $48.74 and a 200-day simple moving average of $46.33. The company has a market capitalization of $3.34 billion, a P/E ratio of 23.96 and a beta of 2.24. Life360 has a twelve month low of $37.01 and a twelve month high of $112.54.

Life360 (NASDAQ:LIF - Get Free Report) last posted 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). The company had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. On average, equities research analysts predict that Life360 will post 0.53 earnings per share for the current fiscal year.

About Life360

Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.

The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.

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