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

Key Points

• Life360, Inc. has received a consensus rating of "Moderate Buy" from eight analysts, with seven recommending a buy and one a hold, alongside an average target price of $91.43.
• Insider transactions indicate significant selling activity, with CFO Russell John Burke selling over 16,000 shares and CEO Lauren Antonoff selling approximately 17,700 shares recently.
• Institutional investors have shown increased interest in Life360, with notable increases in stakes from entities like the Teacher Retirement System of Texas and Bank of New York Mellon Corp.

Life360, Inc. (NASDAQ:LIF - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $91.4286.

A number of analysts have recently weighed in on LIF shares. Wall Street Zen raised shares of Life360 from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Canaccord Genuity Group upped their price target on shares of Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. UBS Group upped their price target on shares of Life360 from $85.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, September 19th. JMP Securities upped their price target on shares of Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 12th. Finally, Evercore ISI upped their price target on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th.

Insider Buying and Selling at Life360

In related news, CFO Russell John Burke sold 16,287 shares of the company's stock in a transaction that occurred 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. This represents a 20.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lauren Antonoff sold 17,764 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $90.90, for a total transaction of $1,614,747.60. Following the transaction, the chief executive officer owned 338,465 shares of the company's stock, valued at approximately $30,766,468.50. This represents a 4.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,867 shares of company stock worth $14,632,976 over the last 90 days.

Hedge Funds Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its position in Life360 by 81.8% in the 1st quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company's stock valued at $513,000 after acquiring an additional 6,014 shares during the period. Emerald Advisers LLC increased its position in Life360 by 53.8% in the 1st quarter. Emerald Advisers LLC now owns 270,817 shares of the company's stock valued at $10,397,000 after acquiring an additional 94,679 shares during the period. Invesco Ltd. acquired a new position in Life360 in the 1st quarter valued at approximately $540,000. Federated Hermes Inc. increased its position in Life360 by 75.6% in the 1st quarter. Federated Hermes Inc. now owns 48,773 shares of the company's stock valued at $1,872,000 after acquiring an additional 21,004 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Life360 by 320.0% in the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock valued at $21,087,000 after acquiring an additional 418,493 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Performance

NASDAQ LIF opened at $106.04 on Wednesday. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $8.22 billion, a P/E ratio of 331.39 and a beta of 3.51. Life360 has a 12-month low of $29.62 and a 12-month high of $112.54. The firm has a 50-day moving average price of $92.42 and a two-hundred day moving average price of $67.63.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $115.38 million during the quarter, compared to the consensus estimate of $109.33 million. Life360 has set its FY 2025 guidance at EPS. Analysts anticipate that Life360 will post -0.17 earnings per share 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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