Life360 (NASDAQ:LIF - Get Free Report) had its price objective lifted by analysts at Loop Capital from $52.00 to $58.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Loop Capital's price target would suggest a potential downside of 0.85% from the company's current price.
A number of other brokerages also recently commented on LIF. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and increased their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th. Stifel Nicolaus decreased their target price on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of "Buy" and a consensus target price of $49.25.
Read Our Latest Research Report on LIF
Life360 Stock Up 18.2%
Shares of Life360 stock traded up $8.99 during trading on Tuesday, reaching $58.50. The company's stock had a trading volume of 614,135 shares, compared to its average volume of 383,765. The business has a 50 day moving average price of $39.50 and a 200-day moving average price of $42.71. Life360 has a 12-month low of $26.00 and a 12-month high of $58.74.
Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. On average, sell-side analysts predict that Life360 will post -0.17 EPS for the current fiscal year.
Insider Buying and Selling at Life360
In other news, Director James Synge sold 25,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $43.43, for a total transaction of $1,085,750.00. Following the completion of the transaction, the director now owns 241,944 shares of the company's stock, valued at approximately $10,507,627.92. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 208,395 shares of the company's stock, valued at approximately $7,166,704.05. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 173,381 shares of company stock worth $7,197,406 over the last 90 days. 8.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Life360
Hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund acquired a new stake in Life360 during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. grew its holdings in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after acquiring an additional 484 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Life360 by 2,938.9% in the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after purchasing an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after acquiring an additional 1,978 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Life360 during the 4th quarter worth approximately $147,000. Institutional investors and hedge funds own 20.00% of the company's stock.
About Life360
(
Get Free Report)
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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