Life360 (NASDAQ:LIF) Sets New 1-Year High - Should You Buy?

Key Points

• Life360 stock reached a new 52-week high of $107.60 with 255,897 shares traded, following a closing price of $104.51.
• Analysts have expressed a positive outlook on Life360, with several firms raising their price targets, resulting in an average rating of "Buy" and a consensus target of $91.43.
• Insider trading activity shows significant sales from executives, with the Director and CFO reducing their stakes by over 20%, raising questions about future company performance.

Life360, Inc. (NASDAQ:LIF - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $107.60 and last traded at $107.58, with a volume of 255897 shares trading hands. The stock had previously closed at $104.51.

Analyst Ratings Changes

LIF has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their price target on shares of Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. JMP Securities upped their price target on shares of Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a research report on Tuesday, August 12th. UBS Group upped 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. Evercore ISI raised their price objective on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, Citigroup started coverage on shares of Life360 in a research note on Thursday, July 31st. They issued a "buy" rating and a $90.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Life360 currently has an average rating of "Buy" and a consensus price target of $91.43.

Life360 Stock Performance

The firm's fifty day moving average price is $87.98 and its two-hundred day moving average price is $64.55. The stock has a market capitalization of $8.20 billion, a PE ratio of 330.42 and a beta of 3.49. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84.

Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The company had revenue of $115.38 million for the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Insiders Place Their Bets

In related news, Director Mark Goines sold 20,000 shares of Life360 stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $86.87, for a total transaction of $1,737,400.00. Following the completion of the sale, the director owned 71,809 shares in the company, valued at approximately $6,238,047.83. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell John Burke sold 16,287 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total value of $1,472,670.54. Following the completion of the sale, the chief financial officer directly owned 63,030 shares in the company, valued at approximately $5,699,172.60. The trade was a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 175,992 shares of company stock valued at $14,839,007.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. California State Teachers Retirement System raised its position in Life360 by 0.4% during the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company's stock valued at $4,026,000 after buying an additional 254 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Life360 by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company's stock valued at $1,379,000 after purchasing an additional 343 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Life360 by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock valued at $237,000 after acquiring an additional 378 shares in the last quarter. WealthPlan Investment Management LLC lifted its position in shares of Life360 by 5.6% during the 1st quarter. WealthPlan Investment Management LLC now owns 10,550 shares of the company's stock worth $405,000 after buying an additional 558 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Life360 by 53.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock worth $107,000 after buying an additional 570 shares during the period. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.