Life360 (NASDAQ:LIF) Given New $68.30 Price Target at Citigroup

Key Points

• Citigroup trimmed its price target on Life360 to $68.30 but kept a "buy" rating — implying about a 62% upside — while the consensus analyst target sits at $75.16 with a "Moderate Buy" rating.
• Shares fell about 4.2% to $42.13, trading well below the 200-day moving average ($68.24) and within a wide 52-week range of $32.71–$112.54, with a market cap near $3.38 billion and a P/E of 24.0.
• Corporate insiders have been selling recently — including the CEO and a director — totaling 44,216 shares (~$2.02M) in the past 90 days, and insiders now own about 8% of the company.

Life360 (NASDAQ:LIF - Get Free Report) had its target price cut by analysts at Citigroup from $68.50 to $68.30 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 62.13% from the company's previous close.

Several other equities analysts have also issued reports on LIF. UBS Group lowered their price target on Life360 from $110.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Citizens Jmp lowered Life360 from a "market outperform" rating to a "market perform" rating in a research report on Monday, January 5th. Weiss Ratings reissued a "hold (c-)" rating on shares of Life360 in a research report on Friday, March 27th. Stifel Nicolaus decreased their target price on Life360 from $92.00 to $76.00 and set a "hold" rating for the company in a research report on Tuesday, January 27th. Finally, Wall Street Zen lowered Life360 from a "buy" rating to a "hold" rating in a research report on Sunday, March 8th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Life360 currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.16.

Life360 Stock Down 4.2%

Shares of LIF traded down $1.84 during trading hours on Thursday, hitting $42.13. The company had a trading volume of 476,457 shares, compared to its average volume of 1,345,682. The firm has a fifty day moving average price of $46.87 and a 200-day moving average price of $68.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 24.01 and a beta of 3.90. Life360 has a 52-week low of $32.71 and a 52-week high of $112.54.

Insiders Place Their Bets

In other Life360 news, Director John Philip Coghlan sold 4,000 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $41.32, for a total value of $165,280.00. Following the completion of the transaction, the director owned 36,431 shares of the company's stock, valued at approximately $1,505,328.92. The trade was a 9.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lauren Antonoff sold 17,153 shares of the company's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $44.86, for a total transaction of $769,483.58. Following the sale, the chief executive officer directly owned 288,232 shares of the company's stock, valued at $12,930,087.52. The trade was a 5.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,216 shares of company stock worth $2,022,959 in the last 90 days. Corporate insiders own 8.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Strive Financial Group LLC bought a new position in Life360 in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. raised its position in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company's stock worth $28,000 after acquiring an additional 239 shares during the period. MCF Advisors LLC bought a new position in Life360 in the fourth quarter worth approximately $32,000. NewEdge Advisors LLC bought a new position in Life360 in the third quarter worth approximately $32,000. Finally, CWM LLC raised its position in Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company's stock worth $41,000 after acquiring an additional 160 shares during the period. 20.00% of the stock is currently owned by institutional investors.

Life360 Company Profile

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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