Life360, Inc. (NASDAQ:LIF - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $63.68 and last traded at $60.81, with a volume of 1101808 shares. The stock had previously closed at $60.89.
Analyst Upgrades and Downgrades
LIF has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on shares of Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday. UBS Group lifted their target price on shares of Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Stifel Nicolaus cut their price objective on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Loop Capital raised their target price on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Life360 currently has a consensus rating of "Buy" and a consensus price target of $51.00.
Get Our Latest Stock Analysis on LIF
Life360 Stock Performance
The stock's 50 day moving average is $42.09 and its two-hundred day moving average is $43.49. The stock has a market capitalization of $4.65 billion and a PE ratio of 675.67.
Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. The company had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Equities research analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.
Insider Transactions at Life360
In other news, General Counsel Susan L. Stick sold 2,822 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the completion of the sale, the general counsel now owns 86,752 shares of the company's stock, valued at $3,650,524.16. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $34.39, for a total transaction of $106,746.56. Following the sale, the chief financial officer now owns 208,395 shares of the company's stock, 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 worth $7,220,851 in the last ninety days. Insiders own 8.00% of the company's stock.
Institutional Investors Weigh In On Life360
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. JPMorgan Chase & Co. raised its stake in shares of Life360 by 295.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock valued at $514,000 after acquiring an additional 9,754 shares during the period. SG Americas Securities LLC grew its position in Life360 by 54.1% in the 4th quarter. SG Americas Securities LLC now owns 9,649 shares of the company's stock valued at $398,000 after acquiring an additional 3,386 shares in the last quarter. KBC Group NV acquired a new stake in shares of Life360 during the fourth quarter worth about $147,000. Hodges Capital Management Inc. grew its holdings in shares of Life360 by 18.3% in the fourth quarter. Hodges Capital Management Inc. now owns 116,493 shares of the company's stock valued at $4,808,000 after purchasing an additional 18,000 shares in the last quarter. Finally, First Dallas Securities Inc. lifted its holdings in Life360 by 50.4% during the 4th quarter. First Dallas Securities Inc. now owns 10,450 shares of the company's stock worth $431,000 after buying an additional 3,500 shares in the last quarter. 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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