Life360 (NASDAQ:LIF) Announces Earnings Results

Key Points

• Life360 reported earnings of $0.08 per share, exceeding analysts' expectations of $0.02 by $0.06.
• The company's shares have been trading down slightly to $73.74 with a market cap of $5.64 billion.
• Several analysts have upgraded Life360's stock ratings, with target prices ranging from $58.00 to $90.00, indicating a generally positive outlook.

Life360 (NASDAQ:LIF - Get Free Report) announced its earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.06, Zacks reports. Life360 had a return on equity of 4.05% and a net margin of 2.42%. Life360 updated its FY 2025 guidance to EPS.

Life360 Trading Down 0.1%

Shares of NASDAQ:LIF traded down $0.11 during midday trading on Monday, hitting $73.74. 930,349 shares of the stock were exchanged, compared to its average volume of 703,952. The stock has a market cap of $5.64 billion, a P/E ratio of 819.33 and a beta of 3.46. Life360 has a twelve month low of $29.62 and a twelve month high of $78.32. The company has a 50 day moving average price of $67.99 and a 200-day moving average price of $52.79.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Loop Capital raised their price target on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. UBS Group lifted their target price on Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Stifel Nicolaus boosted their target price on Life360 from $48.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Citigroup began coverage on Life360 in a report on Thursday, July 31st. They set a "buy" rating and a $90.00 target price on the stock. Finally, JMP Securities raised their target price on Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.67.

Insider Activity at Life360

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the firm's 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 sale, the director directly owned 105,456 shares in the company, valued at approximately $6,792,420.96. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $73.56, for a total value of $229,875.00. Following the transaction, the director directly owned 12,500 shares in the company, valued at $919,500. This trade represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,793 shares of company stock worth $7,156,984 over the last three months.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Life360 by 12.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company's stock worth $5,327,000 after acquiring an additional 15,420 shares during the period. Strs Ohio acquired a new position in Life360 in the 1st quarter worth about $157,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Life360 by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock valued at $237,000 after buying an additional 378 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.

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