Life360, Inc. (NASDAQ:LIF) Given Average Rating of "Buy" by Brokerages

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Life360, Inc. (NASDAQ:LIF - Get Free Report) has been assigned an average recommendation of "Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $86.4286.

A number of brokerages have issued reports on LIF. Canaccord Genuity Group raised their target price on Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Wall Street Zen raised Life360 from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group reissued a "buy" rating and set a $85.00 price objective (up from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. JMP Securities raised their price objective on Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 12th. Finally, Citigroup assumed coverage on Life360 in a research report on Thursday, July 31st. They set a "buy" rating and a $90.00 price objective for the company.

Insider Transactions at Life360

In other Life360 news, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $61.03, for a total value of $190,718.75. Following the completion of the transaction, the director directly owned 29,778 shares of the company's stock, valued at $1,817,351.34. The trade was a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles J. Prober sold 7,942 shares of Life360 stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $61.63, for a total value of $489,465.46. Following the completion of the transaction, the director directly owned 105,456 shares of the company's stock, valued at approximately $6,499,253.28. This represents a 7.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,723 shares of company stock valued at $7,824,134.

Hedge Funds Weigh In On Life360

Several institutional investors have recently bought and sold shares of LIF. Castleark Management LLC acquired a new position in shares of Life360 during the second quarter worth about $5,518,000. FORA Capital LLC acquired a new position in shares of Life360 during the second quarter worth about $1,145,000. Tower Research Capital LLC TRC grew its position in shares of Life360 by 6,172.0% during the second quarter. Tower Research Capital LLC TRC now owns 21,764 shares of the company's stock worth $1,420,000 after buying an additional 21,417 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of Life360 during the second quarter worth about $150,000. Finally, Vident Advisory LLC acquired a new position in shares of Life360 during the second quarter worth about $232,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Stock Up 2.1%

NASDAQ LIF opened at $87.20 on Tuesday. The business has a fifty day moving average price of $70.18 and a 200 day moving average price of $54.17. Life360 has a one year low of $29.62 and a one year high of $89.80. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. The company has a market cap of $6.76 billion, a P/E ratio of 272.51 and a beta of 3.46.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. Life360 had a return on equity of 7.65% and a net margin of 6.45%. The business had revenue of $115.38 million during the quarter, compared to the consensus estimate of $109.33 million. Research analysts anticipate that Life360 will post -0.17 EPS for the current fiscal year.

About Life360

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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