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

Key Points

• Analyst consensus: 11 firms rate Life360 an average of "Moderate Buy" (six buys, five holds) with a 1‑year average price target of $73.48.
• Shares opened at about $45.78, trading below the 200‑day SMA of $63.10 and well under the analyst target; the company has a market cap of $3.69B and a trailing PE of 26.16.
• Insider activity: Insiders have sold 63,037 shares worth $2.68M in the last 90 days (insiders own 8% of the company), with recent director sales executed under Rule 10b5‑1 plans.

Life360, Inc. (NASDAQ:LIF - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $73.4778.

Several brokerages have weighed in on LIF. Bank of America began coverage on Life360 in a research note on Wednesday. They set a "buy" rating and a $60.00 price objective on the stock. UBS Group dropped their price objective on Life360 from $110.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd. Citigroup dropped their price objective on Life360 from $68.50 to $68.30 and set a "buy" rating on the stock in a research note on Thursday, April 9th. Citizens Jmp cut Life360 from a "market outperform" rating to a "market perform" rating in a research note on Monday, January 5th. Finally, Canaccord Genuity Group dropped their price objective on Life360 from $115.00 to $94.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $45.78 on Friday. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57. The stock's fifty day simple moving average is $44.25 and its two-hundred day simple moving average is $63.10. Life360 has a 1-year low of $37.01 and a 1-year high of $112.54. The stock has a market cap of $3.69 billion, a PE ratio of 26.16 and a beta of 3.90.

Insider Buying and Selling

In other news, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $41.32, for a total transaction of $165,280.00. Following the sale, the director directly owned 36,431 shares in the company, valued at $1,505,328.92. The trade was a 9.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 16,105 shares of Life360 stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $45.51, for a total value of $732,938.55. Following the sale, the director owned 399,809 shares in the company, valued at $18,195,307.59. The trade was a 3.87% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 63,037 shares of company stock valued at $2,682,792 in the last 90 days. Insiders own 8.00% of the company's stock.

Institutional Investors Weigh In On Life360

Hedge funds have recently made changes to their positions in the business. Strive Financial Group LLC bought a new stake in shares of Life360 during the 4th quarter worth $26,000. SBI Securities Co. Ltd. raised its stake in shares of Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company's stock worth $28,000 after purchasing an additional 239 shares during the period. MCF Advisors LLC bought a new stake in shares of Life360 during the 4th quarter worth $32,000. NewEdge Advisors LLC bought a new stake in shares of Life360 during the 3rd quarter worth $32,000. Finally, CWM LLC raised its stake in shares of Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company's stock worth $41,000 after purchasing an additional 160 shares during the period. 20.00% of the stock is currently owned by institutional investors.

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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