Life360 (NASDAQ:LIF) Announces Quarterly Earnings Results

Life360 (NASDAQ:LIF - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.09, Zacks reports. The firm had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Life360 updated its FY 2025 guidance to EPS.

Life360 Stock Performance

Life360 stock traded up $1.69 during midday trading on Friday, hitting $60.26. 1,165,844 shares of the company were exchanged, compared to its average volume of 400,203. The firm has a market capitalization of $4.61 billion and a PE ratio of 669.56. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $62.64. The business has a fifty day simple moving average of $40.86 and a two-hundred day simple moving average of $43.14.

Insider Buying and Selling

In related news, Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $43.30, for a total transaction of $135,312.50. Following the sale, the director now directly owns 32,903 shares of the company's stock, valued at $1,424,699.90. This trade represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $34.39, for a total value of $106,746.56. Following the transaction, the chief financial officer now owns 208,395 shares in the company, valued at $7,166,704.05. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 173,881 shares of company stock valued at $7,220,851 over the last ninety days. Company insiders own 8.00% of the company's stock.

Hedge Funds Weigh In On Life360

A hedge fund recently raised its stake in Life360 stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,175 shares of the company's stock after purchasing an additional 378 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Life360 were worth $237,000 at the end of the most recent reporting period. 20.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Loop Capital increased their price target on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, UBS Group increased their price target on Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $49.50.

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.