Life360, Inc. (NASDAQ:LIF) Receives Consensus Rating of "Buy" from Analysts

Shares of Life360, Inc. (NASDAQ:LIF - Get Free Report) have been given a consensus rating of "Buy" by the eight analysts that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $51.00.

Several research analysts have recently issued reports on LIF shares. Canaccord Genuity Group increased their price target on Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Loop Capital raised their target price on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Stifel Nicolaus decreased their target price on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, UBS Group raised their target price on Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th.

Life360 Stock Up 1.6%

NASDAQ LIF traded up $1.03 during trading hours on Thursday, hitting $65.04. The company had a trading volume of 816,058 shares, compared to its average volume of 448,741. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $65.38. The business has a fifty day simple moving average of $46.55 and a 200-day simple moving average of $44.66. The firm has a market cap of $4.98 billion and a P/E ratio of 722.67.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. Equities analysts forecast that Life360 will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at Life360

In related news, COO Lauren Antonoff sold 4,546 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $62.23, for a total value of $282,897.58. Following the transaction, the chief operating officer now directly owns 335,678 shares of the company's stock, valued at approximately $20,889,241.94. This trade represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 208,395 shares of the company's stock, valued at $7,166,704.05. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,033 shares of company stock worth $4,436,238 over the last 90 days. 8.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Life360

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

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.