Life360 (NASDAQ:LIF) Hits New 12-Month High - Should You Buy?

Life360, Inc. (NASDAQ:LIF - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $66.15 and last traded at $65.83, with a volume of 718210 shares changing hands. The stock had previously closed at $62.12.

Wall Street Analyst Weigh In

LIF has been the topic of a number of recent research reports. JMP Securities boosted their price objective on Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a research note on Monday, June 16th. Stifel Nicolaus reduced their price target on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Canaccord Genuity Group set a $75.00 price target on Life360 and gave the stock a "buy" rating in a report on Wednesday. Loop Capital lifted their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Citigroup reissued an "outperform" rating on shares of Life360 in a research report on Monday, June 16th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $59.50.

Life360 Stock Up 2.8%

The firm's 50 day simple moving average is $57.30 and its 200 day simple moving average is $46.98. The company has a market cap of $5.03 billion and a price-to-earnings ratio of 730.22.

Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. The firm had revenue of $103.62 million during the quarter, compared to analyst estimates of $101.48 million. Life360 had a net margin of 2.42% and a return on equity of 4.05%. Analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Charles J. Prober sold 7,942 shares of Life360 stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $61.63, for a total value of $489,465.46. Following the transaction, the director owned 105,456 shares of the company's stock, valued at $6,499,253.28. The trade was a 7.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Lauren Antonoff sold 4,546 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $62.50, for a total transaction of $284,125.00. Following the completion of the sale, the chief operating officer owned 312,324 shares in the company, valued at $19,520,250. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,308 shares of company stock worth $5,451,594. 8.00% of the stock is owned by corporate insiders.

Institutional Trading of Life360

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund acquired a new stake in shares of Life360 during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. increased its position in shares of Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after acquiring an additional 484 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after acquiring an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Life360 by 937.4% in the 1st 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 in the last quarter. Finally, Strs Ohio acquired a new position in Life360 in the 1st quarter worth approximately $157,000. 20.00% of the stock is currently owned by institutional investors.

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.