Life360, Inc. (NASDAQ:LIF - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $63.04, but opened at $64.74. Life360 shares last traded at $64.42, with a volume of 68,533 shares.
Wall Street Analyst Weigh In
A number of brokerages recently commented on LIF. Stifel Nicolaus decreased their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Canaccord Genuity Group boosted their target price on Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. UBS Group increased their price target on shares of Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Loop Capital boosted their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Life360 has a consensus rating of "Buy" and a consensus target price of $51.00.
Check Out Our Latest Report on LIF
Life360 Stock Performance
The company has a 50-day moving average of $45.14 and a 200-day moving average of $44.26. The firm has a market capitalization of $4.91 billion and a price-to-earnings ratio of 712.56.
Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. As a group, analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, General Counsel Susan L. Stick sold 500 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $62.23, for a total transaction of $31,115.00. Following the completion of the transaction, the general counsel now owns 110,809 shares in the company, valued at approximately $6,895,644.07. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Lauren Antonoff sold 4,546 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $62.23, for a total transaction of $282,897.58. Following the completion of the transaction, the chief operating officer now directly owns 335,678 shares of the company's stock, valued at approximately $20,889,241.94. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,836 shares of company stock worth $6,991,769. Corporate insiders own 8.00% of the company's stock.
Hedge Funds Weigh In On Life360
Several hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund bought a new stake in Life360 during the fourth quarter worth about $25,000. Summit Investment Advisors Inc. increased its position in shares of Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after purchasing an additional 484 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after purchasing an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Life360 by 937.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after purchasing an additional 1,978 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Life360 in the 4th quarter valued at approximately $147,000. Institutional investors own 20.00% of the company's stock.
Life360 Company Profile
(
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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