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

Key Points

• Life360 has a consensus “Moderate Buy” rating from 11 analysts, with five holds, five buys and one strong buy. The average 12-month price target is $60.72, above the stock’s reported $43.49 opening price.
• Life360’s latest quarter showed revenue of $158.96 million, exceeding estimates, but earnings per share of $0.06 fell short of the $0.08 consensus forecast. Analysts expect full-year EPS of $0.53.
• Insiders sold 369,557 shares worth about $17.9 million over the past three months, while institutional ownership stands at 20%; several major investors, including CalSTRS and State Street, increased their positions.

Life360, Inc. (NASDAQ:LIF - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $60.7222.

LIF has been the topic of a number of research analyst reports. DA Davidson increased their price objective on shares of Life360 from $42.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Life360 from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Life360 from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. Finally, Evercore set a $68.00 price target on Life360 in a research note on Tuesday, May 12th.

Insider Activity

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $48.59, for a total transaction of $385,318.70. Following the transaction, the director owned 109,930 shares of the company's stock, valued at $5,341,498.70. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Synge sold 27,466 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $44.31, for a total value of $1,217,018.46. Following the transaction, the director directly owned 191,694 shares in the company, valued at approximately $8,493,961.14. This represents a 12.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 369,557 shares of company stock valued at $17,923,331 over the last three months. Company insiders own 6.80% of the company's stock.

Hedge Funds Weigh In On Life360

Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Life360 by 5,442.5% during the second quarter. California State Teachers Retirement System now owns 4,801,705 shares of the company's stock valued at $265,822,000 after purchasing an additional 4,715,070 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Life360 by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company's stock worth $74,372,000 after purchasing an additional 85,857 shares during the period. State Street Corp lifted its position in shares of Life360 by 17.3% in the 4th quarter. State Street Corp now owns 905,153 shares of the company's stock worth $58,057,000 after buying an additional 133,722 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company's stock worth $80,801,000 after buying an additional 352,110 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Life360 in the 4th quarter worth about $47,097,000. 20.00% of the stock is currently owned by institutional investors.

Life360 Stock Performance

Shares of LIF opened at $43.49 on Friday. The business's 50 day moving average is $52.63 and its two-hundred day moving average is $47.32. Life360 has a 52-week low of $37.01 and a 52-week high of $112.54. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 25.43 and a beta of 2.35. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share 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 analyst estimates of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. Analysts forecast that Life360 will post 0.53 EPS for the current fiscal year.

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.

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