Life360 (NASDAQ:LIF) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Life360 from a "buy" to a "hold," joining several analysts who have trimmed price targets and ratings; the stock still carries a MarketBeat consensus of "Moderate Buy" with a consensus price target of $83.31.
• Shares are trading around $45.08 (market cap ~$3.62B) — well below the $83.31 consensus target — and the stock shows high volatility (beta 3.84) with a 12‑month range of $29.62–$112.54.
• Company insiders have been selling recently (directors sold a combined stake and insiders disposed of 23,559 shares worth ~$1.53M over 90 days); insiders own about 8% of the company while institutional investors own ~20%.

Life360 (NASDAQ:LIF - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday.

A number of other equities analysts have also recently commented on LIF. Weiss Ratings restated a "hold (c-)" rating on shares of Life360 in a report on Monday, December 29th. Canaccord Genuity Group cut their price target on shares of Life360 from $115.00 to $94.00 and set a "buy" rating on the stock in a research note on Tuesday. Citizens Jmp cut shares of Life360 from a "market outperform" rating to a "market perform" rating in a research report on Monday, January 5th. Stifel Nicolaus lowered their price objective on shares of Life360 from $92.00 to $76.00 and set a "hold" rating for the company in a research note on Tuesday, January 27th. Finally, DA Davidson initiated coverage on shares of Life360 in a report on Thursday, December 11th. They issued a "buy" rating and a $94.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Life360 currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.31.

Life360 Trading Up 0.4%

Shares of NASDAQ LIF opened at $45.08 on Friday. The company has a current ratio of 6.26, a quick ratio of 6.62 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.62 billion, a PE ratio of 25.76 and a beta of 3.84. Life360 has a twelve month low of $29.62 and a twelve month high of $112.54. The stock has a fifty day simple moving average of $56.39 and a 200-day simple moving average of $76.71.

Insider Buying and Selling

In other news, Director James Synge sold 3,966 shares of Life360 stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $253,665.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles J. Prober sold 7,930 shares of the business's stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $68.30, for a total value of $541,619.00. Following the transaction, the director directly owned 105,456 shares of the company's stock, valued at approximately $7,202,644.80. This represents a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,559 shares of company stock valued at $1,525,548. Company insiders own 8.00% of the company's stock.

Institutional Trading of Life360

Several hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock worth $237,000 after acquiring an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 purchasing an additional 15,420 shares during the last quarter. Strs Ohio purchased a new stake in shares of Life360 during the 1st quarter worth $157,000. Bank of New York Mellon Corp grew its stake in shares of Life360 by 25.1% during the second quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company's stock worth $44,844,000 after purchasing an additional 137,997 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of Life360 during the second quarter worth $559,000. Institutional investors and hedge funds own 20.00% of the company's stock.

About Life360

Life360, Inc NASDAQ: LIF operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company's services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.

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