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

Key Points

• Life360 shares reached a new 52-week high of $103.67, closing at $102.87 with a trading volume of 619,254 shares.
• Wall Street analysts have upgraded their ratings for Life360, with seven analysts rating it as a "Buy" and a consensus target price of $86.43.
• Following recent transactions, significant insider selling occurred, including CEO Lauren Antonoff selling 17,764 shares, reducing her ownership by 4.99%.

Life360, Inc. (NASDAQ:LIF - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $103.67 and last traded at $102.87, with a volume of 619254 shares changing hands. The stock had previously closed at $100.00.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LIF shares. UBS Group increased their price target on Life360 from $85.00 to $120.00 and gave the company a "buy" rating in a research note on Friday. JMP Securities increased their price objective on Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a report on Tuesday, August 12th. Citigroup assumed coverage on Life360 in a report on Thursday, July 31st. They issued a "buy" rating and a $90.00 price objective for the company. Canaccord Genuity Group increased their price objective on Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Finally, Stifel Nicolaus increased their price objective on Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $91.43.

Life360 Stock Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. The company has a 50 day moving average price of $84.81 and a 200 day moving average price of $62.42. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 321.64 and a beta of 3.49.

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

Insider Buying and Selling at Life360

In other Life360 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 transaction, the director owned 71,809 shares in the company, valued at approximately $6,238,047.83. The trade was a 21.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Russell John Burke sold 16,287 shares of Life360 stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $90.42, for a total value of $1,472,670.54. Following the transaction, the chief financial officer owned 63,030 shares of the company's stock, valued at $5,699,172.60. This trade represents a 20.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,044 shares of company stock worth $14,913,407.

Hedge Funds Weigh In On Life360

Hedge funds and other institutional investors have recently modified their holdings of the business. Keystone Financial Group Inc. purchased a new position in shares of Life360 in the 2nd quarter worth approximately $62,000. State of Wyoming purchased a new position in Life360 in the 2nd quarter valued at approximately $96,000. Ameritas Investment Partners Inc. grew its stake in Life360 by 53.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock valued at $107,000 after buying an additional 570 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Life360 in the 2nd quarter valued at approximately $137,000. Finally, 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 worth $84,000 after purchasing an additional 2,116 shares during the period. Hedge funds and other institutional investors 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.