Life360 (NASDAQ:LIF) Stock Price Expected to Rise, JMP Securities Analyst Says

Life360 (NASDAQ:LIF - Get Free Report) had its price objective lifted by investment analysts at JMP Securities from $55.00 to $62.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' price target points to a potential upside of 1.49% from the company's previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus dropped their price target on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Loop Capital raised their target price on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. UBS Group boosted their price target on shares of Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Canaccord Genuity Group raised their target price on Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $51.88.

Life360 Stock Down 3.4%

NASDAQ LIF opened at $61.09 on Monday. Life360 has a twelve month low of $28.89 and a twelve month high of $65.79. The business's fifty day moving average is $50.44 and its 200 day moving average is $45.61. The company has a market cap of $4.68 billion and a price-to-earnings ratio of 678.78.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. On average, research analysts anticipate that Life360 will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life360 news, CFO Russell John Burke sold 3,030 shares of Life360 stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $64.13, for a total value of $194,313.90. Following the transaction, the chief financial officer now directly owns 195,730 shares of the company's stock, valued at $12,552,164.90. The trade was a 1.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Susan L. Stick sold 500 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $63.12, for a total transaction of $31,560.00. Following the sale, the general counsel now directly owns 106,922 shares of the company's stock, valued at $6,748,916.64. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,959 shares of company stock valued at $2,164,266 in the last quarter. Corporate insiders own 8.00% of the company's stock.

Institutional Trading of Life360

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Life360 by 3,865.6% during the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after buying an additional 5,540,302 shares during the period. Franklin Resources Inc. increased its position in Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after purchasing an additional 432,292 shares during the period. Bank of New York Mellon Corp raised its holdings in Life360 by 320.0% in the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after purchasing an additional 418,493 shares in the last quarter. Marshall Wace LLP raised its holdings in Life360 by 86.2% in the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after purchasing an additional 190,422 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Life360 by 1,233.3% in the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock worth $8,286,000 after purchasing an additional 185,722 shares during the period. 20.00% of the stock is owned by institutional investors.

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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