Life360 (NASDAQ:LIF) Lowered to "Hold" Rating by Stifel Nicolaus

Key Points

• Stifel Nicolaus downgraded Life360 from a "buy" to a "hold" rating, setting a price target of $92.00, indicating only a potential upside of 0.70% from the current price.
• Despite the downgrade, several analysts have set higher price targets, with UBS Group suggesting a target of $120.00 and multiple ratings upgraded to "buy" or "strong-buy."
• Life360's stock has seen significant insider trading activity, with directors selling substantial shares recently, revealing a 6.99% decrease in ownership for one director and 153,183 shares sold in the past 90 days.

Life360 (NASDAQ:LIF - Get Free Report) was downgraded by stock analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating in a report released on Friday,Finviz reports. They presently have a $92.00 price target on the stock. Stifel Nicolaus' price objective suggests a potential upside of 0.70% from the company's current price.

Several other research analysts also recently issued reports on the stock. 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 research report on Tuesday, August 12th. Wall Street Zen upgraded Life360 from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. JMP Securities lifted their target price on Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 12th. Zacks Research upgraded shares of Life360 from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Finally, UBS Group lifted their price objective on shares of Life360 from $85.00 to $120.00 and gave the company a "buy" rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $91.43.

Life360 Stock Up 2.1%

LIF stock opened at $91.36 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. The company has a 50-day moving average of $96.82 and a two-hundred day moving average of $72.29. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 285.51 and a beta of 3.51. Life360 has a 52-week low of $29.62 and a 52-week high of $112.54.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. Life360 had a return on equity of 7.65% and a net margin of 6.45%.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, equities research analysts anticipate that Life360 will post -0.17 EPS for the current year.

Insider Transactions at Life360

In related news, Director Charles J. Prober sold 7,930 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $103.20, for a total value of $818,376.00. Following the completion of the sale, the director directly owned 105,456 shares in the company, valued at $10,883,059.20. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $88.12, for a total value of $275,375.00. Following the sale, the director owned 9,375 shares of the company's stock, valued at approximately $826,125. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,183 shares of company stock worth $13,581,998. 8.00% of the stock is owned by insiders.

Institutional Trading of Life360

Several institutional investors have recently made changes to their positions in LIF. Vanguard Group Inc. grew its stake in Life360 by 3,865.6% in the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after purchasing an additional 5,540,302 shares during the period. Norges Bank purchased a new stake in Life360 in the second quarter worth approximately $60,369,000. Bank of New York Mellon Corp grew its stake in shares of Life360 by 320.0% during the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock valued at $21,087,000 after buying an additional 418,493 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Life360 by 661.6% in the second quarter. Federated Hermes Inc. now owns 371,461 shares of the company's stock worth $24,238,000 after purchasing an additional 322,688 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Life360 by 19,023.3% during the second quarter. BNP Paribas Financial Markets now owns 232,348 shares of the company's stock valued at $15,161,000 after acquiring an additional 231,133 shares in the last quarter. Institutional investors own 20.00% of the company's stock.

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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