Life360, Inc. (NASDAQ:LIF) Receives $86.43 Average Price Target from Brokerages

Key Points

• Life360, Inc. has received a consensus recommendation of "Buy" from seven ratings firms, with an average 12-month price target of $86.43.
• Directors at Life360 have recently sold shares, with one director selling 25,000 shares for a total of approximately $2.1 million, reflecting a decrease in their positions.
• Life360 reported $0.08 earnings per share for the latest quarter, exceeding the consensus estimate of $0.02, along with a revenue of $115.38 million.

Shares of Life360, Inc. (NASDAQ:LIF - Get Free Report) have been assigned a consensus recommendation of "Buy" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is $86.4286.

A number of brokerages have issued reports on LIF. Evercore ISI boosted their target price on shares of Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. JMP Securities boosted their target price on shares of Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a report on Tuesday, August 12th. Stifel Nicolaus boosted their target price on shares of Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Canaccord Genuity Group boosted their price target on shares of Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Finally, UBS Group restated a "buy" rating and set a $85.00 price target (up from $71.00) on shares of Life360 in a research report on Tuesday, August 12th.

Insider Activity

In other news, CFO Russell John Burke sold 16,287 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the completion of the transaction, the chief financial officer directly owned 63,030 shares in the company, valued at $5,699,172.60. The trade was a 20.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Philip Coghlan sold 10,000 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $85.01, for a total transaction of $850,100.00. Following the transaction, the director owned 67,604 shares of the company's stock, valued at $5,747,016.04. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,114 shares of company stock worth $14,118,504.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Keystone Financial Group Inc. purchased a new position in Life360 in the second quarter worth $62,000. State of Wyoming purchased a new position in Life360 in the second quarter worth $96,000. Ameritas Investment Partners Inc. grew its position in Life360 by 53.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock worth $107,000 after acquiring an additional 570 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Life360 in the second quarter worth $137,000. Finally, GAMMA Investing LLC grew its position in Life360 by 2,938.9% in the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after acquiring an additional 2,116 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Stock Performance

Shares of NASDAQ:LIF traded up $2.25 during mid-day trading on Friday, reaching $102.49. The company had a trading volume of 627,303 shares, compared to its average volume of 744,913. The company's 50-day moving average price is $81.84 and its 200-day moving average price is $60.76. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84. Life360 has a one year low of $29.62 and a one year high of $103.65. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 320.29 and a beta of 3.49.

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, beating analysts' consensus estimates of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The business had revenue of $115.38 million for the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, equities 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.