Life360 (NASDAQ:LIF) Stock Price Up 5.3% - What's Next?

Key Points

• Life360 shares rose 5.3% to about $45.50 in mid-day trading, though volume was 73% below the average. The stock remains below its 50-day moving average of $53.05.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $60.72, despite UBS lowering its target to $60 and one firm issuing a sell rating.
• Life360’s latest quarter included revenue of $158.96 million, ahead of estimates, but EPS of $0.06 missed expectations of $0.08. Insiders sold approximately $17.1 million of stock during the last quarter.

Life360, Inc. (NASDAQ:LIF - Get Free Report)'s stock price rose 5.3% during mid-day trading on Thursday . The stock traded as high as $47.14 and last traded at $45.4990. 286,206 shares changed hands during trading, a decline of 73% from the average daily volume of 1,051,789 shares. The stock had previously closed at $43.19.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group decreased their target price on Life360 from $64.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research note on Tuesday, May 12th. Evercore set a $68.00 price objective on Life360 in a research report on Tuesday, May 12th. Morgan Stanley set a $65.20 price objective on Life360 in a research report on Wednesday, August 12th. Finally, Wall Street Zen downgraded Life360 from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of "Moderate Buy" and an average target price of $60.72.

Life360 Price Performance

The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 26.57 and a beta of 2.35. The stock's 50 day moving average price is $53.05 and its two-hundred day moving average price is $47.84.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). Life360 had a net margin of 25.73% and a return on equity of 5.66%. The firm had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Analysts anticipate that Life360, Inc. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Life360

In related news, Director Charles J. Prober sold 7,930 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $48.59, for a total value of $385,318.70. Following the completion of the sale, the director owned 109,930 shares of the company's stock, valued at approximately $5,341,498.70. The trade was a 6.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $54.82, for a total value of $219,280.00. Following the completion of the transaction, the director owned 20,431 shares in the company, valued at $1,120,027.42. This represents a 16.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 352,637 shares of company stock valued at $17,104,265 in the last quarter. Corporate insiders own 6.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LIF. Strive Financial Group LLC acquired a new stake in shares of Life360 in the 4th quarter valued at $26,000. MCF Advisors LLC bought a new position in Life360 during the fourth quarter valued at about $32,000. NewEdge Advisors LLC bought a new position in Life360 during the third quarter valued at about $32,000. IFP Advisors Inc bought a new position in Life360 during the third quarter valued at about $47,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Life360 by 136.6% in the fourth quarter. Advisors Asset Management Inc. now owns 899 shares of the company's stock worth $58,000 after buying an additional 519 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company's stock.

Life360 Company Profile

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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