Life360 (NASDAQ:LIF) Shares Down 6.9% Following Analyst Downgrade

Key Points

• Shares fell 6.9% to about $38.68 after Citigroup trimmed its price target to $68.30 (while maintaining a buy rating); trading hit a low of $38.84 and volume was ~296,886 shares, down 78% from average.
• Several brokers have cut targets (e.g., UBS to $75, Stifel to $76, DA Davidson to $40) but the consensus remains a "Moderate Buy" with an average target of $75.16—substantially above the current price.
• Insider selling: CEO Lauren Antonoff sold 17,153 shares at $44.86 and a director sold 4,000 shares at $41.32; insiders have sold 44,216 shares (~$2.02M) in the past 90 days and still own 8% of the company.

Life360, Inc. (NASDAQ:LIF - Get Free Report)'s share price dropped 6.9% during trading on Friday after Citigroup lowered their price target on the stock from $68.50 to $68.30. Citigroup currently has a buy rating on the stock. Life360 traded as low as $38.84 and last traded at $38.6770. Approximately 296,886 shares traded hands during trading, a decline of 78% from the average daily volume of 1,346,742 shares. The stock had previously closed at $41.53.

Several other brokerages have also commented on LIF. UBS Group lowered their price objective on Life360 from $110.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Stifel Nicolaus lowered their price objective on Life360 from $92.00 to $76.00 and set a "hold" rating for the company in a research report on Tuesday, January 27th. Weiss Ratings restated a "hold (c-)" rating on shares of Life360 in a report on Friday, March 27th. Citizens Jmp downgraded Life360 from a "market outperform" rating to a "market perform" rating in a report on Monday, January 5th. Finally, DA Davidson downgraded Life360 from a "buy" rating to a "neutral" rating and reduced their price target for the company from $70.00 to $40.00 in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Life360 presently has a consensus rating of "Moderate Buy" and an average target price of $75.16.

Insider Buying and Selling

In related news, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $41.32, for a total value of $165,280.00. Following the completion of the sale, the director directly owned 36,431 shares in the company, valued at approximately $1,505,328.92. This trade represents a 9.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lauren Antonoff sold 17,153 shares of Life360 stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.86, for a total value of $769,483.58. Following the completion of the sale, the chief executive officer owned 288,232 shares of the company's stock, valued at $12,930,087.52. The trade was a 5.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 44,216 shares of company stock valued at $2,022,959 over the last ninety days. Insiders own 8.00% of the company's stock.

Institutional Investors Weigh In On Life360

Large investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its stake in shares of Life360 by 32.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,183 shares of the company's stock valued at $910,000 after purchasing an additional 3,436 shares during the period. PEAK6 LLC bought a new stake in shares of Life360 during the 4th quarter valued at about $334,000. Strive Financial Group LLC bought a new stake in shares of Life360 during the 4th quarter valued at about $26,000. Vident Advisory LLC grew its stake in shares of Life360 by 11.2% during the 4th quarter. Vident Advisory LLC now owns 14,040 shares of the company's stock valued at $901,000 after purchasing an additional 1,412 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of Life360 during the 4th quarter valued at about $920,000. 20.00% of the stock is currently owned by institutional investors.

Life360 Trading Down 7.2%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26. The stock has a market capitalization of $3.09 billion, a PE ratio of 22.03 and a beta of 3.90. The stock has a 50-day moving average price of $46.53 and a two-hundred day moving average price of $68.05.

About Life360

Life360, Inc NASDAQ: LIF operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company's services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.

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