Life360 (NASDAQ:LIF) Sets New 52-Week High - What's Next?

Key Points

• Life360's stock price hit a new 52-week high of $109.84, following a mid-day trading surge, after closing at $107.83.
• Analysts have positively upgraded Life360, with UBS raising its target price from $85.00 to $120.00 and a consensus rating of "Moderate Buy" with an average price target of $91.43.
• Insider trading activity shows a significant decrease in ownership as directors sold shares valued at over $3 million recently.

Life360, Inc. (NASDAQ:LIF - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $109.84 and last traded at $109.69, with a volume of 31212 shares. The stock had previously closed at $107.83.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LIF shares. UBS Group boosted their target price on Life360 from $85.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Citigroup began coverage on Life360 in a research report on Thursday, July 31st. They issued a "buy" rating and a $90.00 price objective on the stock. Wall Street Zen raised Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Stifel Nicolaus upped their price objective on Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Life360 in a research note on Saturday, September 27th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Life360 has a consensus rating of "Moderate Buy" and an average price target of $91.43.

Life360 Stock Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. The firm has a fifty day simple moving average of $91.12 and a 200 day simple moving average of $66.86. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 344.35 and a beta of 3.51.

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

Insider Activity

In related news, Director James Synge sold 25,000 shares of Life360 stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $85.80, for a total transaction of $2,145,000.00. Following the transaction, the director owned 194,754 shares in the company, valued at approximately $16,709,893.20. This trade represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Philip Coghlan sold 10,000 shares of Life360 stock in a transaction on Friday, August 15th. The shares were sold at an average price of $85.01, for a total value of $850,100.00. Following the completion of the sale, the director owned 67,604 shares in the company, valued at $5,747,016.04. This represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,867 shares of company stock valued at $14,632,976 in the last 90 days. 8.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Life360

Several institutional investors and hedge funds have recently modified their holdings of the company. Praxis Investment Management Inc. purchased a new stake in shares of Life360 in the 3rd quarter valued at $208,000. Osaic Holdings Inc. grew its stake in Life360 by 8,595.9% during the 2nd quarter. Osaic Holdings Inc. now owns 44,784 shares of the company's stock worth $2,922,000 after purchasing an additional 44,269 shares in the last quarter. State of Wyoming acquired a new position in Life360 during the 2nd quarter worth $96,000. Castleark Management LLC acquired a new position in Life360 during the 2nd quarter worth $5,518,000. Finally, FORA Capital LLC acquired a new position in Life360 during the 2nd quarter worth $1,145,000. 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.

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