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

Life360, Inc. (NASDAQ:LIF - Get Free Report) has earned an average recommendation of "Buy" from the seven brokerages that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $58.67.

LIF has been the topic of several analyst reports. Citigroup reiterated an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. Loop Capital upped their price objective on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Canaccord Genuity Group upped their price objective on Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Stifel Nicolaus lowered their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, JMP Securities upped their price objective on Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a research note on Monday, June 16th.

Insider Transactions at Life360

In other Life360 news, Director John Philip Coghlan sold 3,125 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $37.86, for a total transaction of $118,312.50. Following the transaction, the director now owns 34,286 shares of the company's stock, valued at approximately $1,298,067.96. This represents a 8.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $34.39, for a total value of $106,746.56. Following the transaction, the chief financial officer now directly owns 208,395 shares in the company, valued at approximately $7,166,704.05. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,881 shares of company stock valued at $5,349,287 in the last three months.

Institutional Trading of Life360

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC increased its position in shares of Life360 by 280.6% in the 4th quarter. Barclays PLC now owns 30,952 shares of the company's stock valued at $1,278,000 after buying an additional 22,820 shares in the last quarter. Swiss National Bank bought a new stake in shares of Life360 in the 4th quarter valued at $5,717,000. BNP Paribas Financial Markets increased its position in shares of Life360 by 2,816.3% in the 4th quarter. BNP Paribas Financial Markets now owns 72,996 shares of the company's stock valued at $3,013,000 after buying an additional 70,493 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Life360 by 1,007.8% in the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock valued at $5,397,000 after buying an additional 118,974 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Life360 by 12.3% in the 4th quarter. Ameriprise Financial Inc. now owns 90,198 shares of the company's stock valued at $3,708,000 after buying an additional 9,878 shares in the last quarter. Institutional investors own 20.00% of the company's stock.

Life360 Stock Up 1.6%

Shares of LIF opened at $62.12 on Monday. Life360 has a 12-month low of $28.94 and a 12-month high of $65.79. The firm has a market capitalization of $4.75 billion and a price-to-earnings ratio of 690.22. The stock's 50-day moving average price is $55.68 and its 200 day moving average price is $46.59.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a return on equity of 4.05% and a net margin of 2.42%. The firm had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. Equities research analysts expect that Life360 will post -0.17 EPS for the current 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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