Life360, Inc. (NASDAQ:LIF) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analyst sentiment is moderately positive: Life360 has a consensus “Moderate Buy” rating among 10 analysts, with an average 12-month price target of $55.56. Bank of America downgraded the stock to Neutral and cut its target to $45.
• Life360 beat quarterly estimates, reporting adjusted earnings of $0.26 per share versus $0.21 expected and revenue of $174.14 million versus $171.53 million expected.
• The company raised its fiscal-year revenue outlook to $665 million–$681 million, citing U.S. pricing changes and growth in advertising.

Shares of Life360, Inc. (NASDAQ:LIF - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $55.56.

LIF has been the topic of a number of recent analyst reports. Citigroup cut their price objective on shares of Life360 from $60.00 to $56.60 and set a "buy" rating on the stock in a research note on Wednesday. Morgan Stanley set a $65.20 target price on shares of Life360 in a research note on Wednesday, August 12th. Bank of America cut Life360 from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $60.00 to $45.00 in a report on Wednesday. Wall Street Zen raised Life360 from a "sell" rating to a "hold" rating in a report on Saturday, September 19th. Finally, DA Davidson reiterated a "neutral" rating and issued a $40.00 target price on shares of Life360 in a report on Tuesday, September 29th.

Life360 Stock Up 6.4%

LIF stock opened at $44.66 on Thursday. The stock has a market cap of $3.64 billion, a PE ratio of 24.01 and a beta of 2.17. The firm's 50-day simple moving average is $42.91 and its 200 day simple moving average is $46.73. Life360 has a fifty-two week low of $37.01 and a fifty-two week high of $80.51. The company has a quick ratio of 5.46, a current ratio of 5.31 and a debt-to-equity ratio of 0.49.

Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Monday, November 9th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. Life360 had a return on equity of 7.21% and a net margin of 25.71%. The firm had revenue of $174.14 million for the quarter, compared to the consensus estimate of $171.53 million. As a group, sell-side analysts predict that Life360 will post 0.53 EPS for the current year.

Trending Headlines about Life360

Investors following LIF have been watching these headlines:

• Positive Sentiment: Life360 raised its fiscal-year revenue outlook to $665 million–$681 million, citing extended U.S. pricing changes and the scaling of advertising. This points to continued growth and potentially stronger monetization. Seeking Alpha article
• Positive Sentiment: Reports described a rebound in Life360 shares after the post-earnings decline, suggesting some investors viewed the selloff as an opportunity to buy. IBTimes article
• Negative Sentiment: Bank of America cut its rating from Buy to Neutral and lowered its price target from $60 to $45, signaling less confidence in the stock’s upside. Bank of America ratings

Insiders Place Their Bets

In related news, Director James Synge sold 27,466 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the transaction, the director directly owned 191,694 shares of the company's stock, valued at approximately $8,493,961.14. The trade was a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Prober sold 7,930 shares of the firm's stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $43.29, for a total value of $343,289.70. Following the sale, the director owned 109,930 shares of the company's stock, valued at $4,758,869.70. The trade was a 6.73% 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. Insiders have sold 411,159 shares of company stock worth $18,495,656 in the last quarter. Corporate insiders own 6.80% of the company's stock.

Hedge Funds Weigh In On Life360

Several institutional investors and hedge funds have recently bought and sold shares of LIF. Principal Financial Group Inc. raised its holdings in Life360 by 455.0% during the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company's stock valued at $18,918,000 after buying an additional 379,941 shares in the last quarter. Bank of America Corp DE raised its stake in Life360 by 312.8% during 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 acquired a new position in shares of Life360 during the second quarter valued at about $15,547,000. Greenspring Advisors LLC bought a new stake in shares of Life360 in the 2nd quarter worth approximately $9,592,000. Finally, Legal & General Group Plc bought a new stake in shares of Life360 during the second quarter valued at approximately $9,467,000. Hedge funds and other institutional investors own 20.00% of the company's stock.

Life360 Company Profile

Life360 operates a family safety and location-sharing platform. Its mobile app helps families and other groups share locations, coordinate their activities and receive alerts about arrivals, departures and other events. The service also includes features such as driving insights, roadside assistance and emergency support. The company's offerings include the Life360 app and Tile, its line of Bluetooth tracking devices and related services for finding everyday items. Together, these products provide location and safety tools for people, pets and belongings.

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