Analysts Set Life360, Inc. (NASDAQ:LIF) Price Target at $59.50

Shares of Life360, Inc. (NASDAQ:LIF - Get Free Report) have received a consensus recommendation of "Buy" from the seven analysts that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $59.50.

LIF has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Canaccord Genuity Group set a $75.00 price objective on Life360 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. JMP Securities upped their price objective on Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a report on Monday, June 16th. Loop Capital upped their price objective on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Citigroup restated an "outperform" rating on shares of Life360 in a report on Monday, June 16th.

Insider Activity at Life360

In other Life360 news, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $65.93, for a total value of $206,031.25. Following the sale, the director owned 15,625 shares in the company, valued at $1,030,156.25. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles J. Prober sold 7,930 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $64.41, for a total value of $510,771.30. Following the completion of the sale, the director owned 105,456 shares in the company, valued at approximately $6,792,420.96. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 112,793 shares of company stock worth $7,048,111 in the last ninety days. Corporate insiders own 8.00% of the company's stock.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently bought and sold shares of LIF. Vanguard Group Inc. grew its position in shares of Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock worth $218,194,000 after buying an additional 5,540,302 shares in the last quarter. Millennium Management LLC grew its position in shares of Life360 by 9.2% during the 4th quarter. Millennium Management LLC now owns 1,114,922 shares of the company's stock worth $46,013,000 after buying an additional 94,077 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after buying an additional 418,493 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after buying an additional 432,292 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Life360 by 86.2% during the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock valued at $16,975,000 after purchasing an additional 190,422 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Life360 Stock Up 2.0%

LIF stock traded up $1.47 during midday trading on Friday, hitting $76.81. The company's stock had a trading volume of 523,956 shares, compared to its average volume of 783,179. Life360 has a 12 month low of $28.94 and a 12 month high of $77.11. The firm has a market capitalization of $5.88 billion and a price-to-earnings ratio of 853.44. The company has a 50 day moving average of $64.91 and a two-hundred day moving average of $50.19.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly 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 return on equity of 4.05% and a net margin of 2.42%. The business had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. On average, analysts anticipate that Life360 will post -0.17 earnings per share for the current fiscal year.

Life360 Company Profile

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.