Life360 (NASDAQ:LIF) Hits New 12-Month High - Time to Buy?

Key Points

• Life360's stock price recently hit a new 52-week high of $91.78, with analysts rate the stock predominantly as a "buy."
• The company's earnings exceeded expectations, reporting $0.08 EPS compared to the consensus estimate of $0.02, alongside revenue of $115.38 million for the quarter.
• Recent insider transactions included substantial sales by key executives, with Director Charles J. Prober selling 7,930 shares and CEO Lauren Antonoff selling 4,546 shares.

Life360, Inc. (NASDAQ:LIF - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $91.78 and last traded at $91.51, with a volume of 29589 shares trading hands. The stock had previously closed at $91.00.

Analyst Ratings Changes

LIF has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Loop Capital upped their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Evercore ISI upped their price objective on shares of Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. JMP Securities upped their price objective on shares of Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a research report on Tuesday, August 12th. Finally, UBS Group restated a "buy" rating and issued a $85.00 price objective (up previously from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $86.43.

Life360 Price Performance

The business's 50 day moving average is $73.80 and its 200-day moving average is $56.14. The firm has a market capitalization of $7.15 billion, a P/E ratio of 288.15 and a beta of 3.46. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.08 earnings per share 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 for the quarter, compared to analyst estimates of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Transactions at Life360

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $84.13, for a total value of $667,150.90. Following the sale, the director owned 105,456 shares in the company, valued at $8,872,013.28. This trade represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lauren Antonoff sold 4,546 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $90.00, for a total transaction of $409,140.00. Following the completion of the sale, the chief executive officer owned 303,232 shares in the company, valued at $27,290,880. This represents a 1.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,119 shares of company stock valued at $14,571,055. Corporate insiders own 8.00% of the company's stock.

Hedge Funds Weigh In On Life360

A number of hedge funds have recently modified their holdings of the business. State of Wyoming acquired a new position in shares of Life360 during the second quarter worth $96,000. Castleark Management LLC bought a new position in Life360 during the second quarter worth $5,518,000. FORA Capital LLC bought a new position in Life360 during the second quarter worth $1,145,000. Tower Research Capital LLC TRC raised its stake in Life360 by 6,172.0% during the second quarter. Tower Research Capital LLC TRC now owns 21,764 shares of the company's stock worth $1,420,000 after buying an additional 21,417 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in Life360 during the second quarter worth $150,000. Institutional investors and hedge funds own 20.00% of the company's stock.

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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