Life360 (NASDAQ:LIF) Trading 7.8% Higher - What's Next?

Key Points

• Life360's stock rose 7.8% during trading, reaching a high of $101.15 and closing at $100.77, despite a significant drop in trading volume.
• Several brokerages have upgraded Life360’s stock to a "buy" rating, with a consensus price target of $86.43, reflecting strong analyst optimism.
• The company reported a quarterly earnings beat with $0.08 EPS, exceeding estimates, and a revenue of $115.38 million compared to analyst forecasts.

Life360, Inc. (NASDAQ:LIF - Get Free Report) rose 7.8% during trading on Monday . The company traded as high as $101.15 and last traded at $100.77. Approximately 351,061 shares changed hands during trading, a decline of 48% from the average daily volume of 671,603 shares. The stock had previously closed at $93.44.

Analyst Ratings Changes

Several brokerages have commented on LIF. Wall Street Zen upgraded Life360 from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Loop Capital lifted their price target on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Citigroup initiated coverage on Life360 in a research note on Thursday, July 31st. They issued a "buy" rating and a $90.00 target price on the stock. Canaccord Genuity Group lifted their price objective on Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, Evercore ISI boosted their target price on Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Life360 presently has a consensus rating of "Buy" and a consensus price target of $86.43.

Life360 Stock Up 10.4%

The stock has a market capitalization of $8.00 billion, a P/E ratio of 323.24 and a beta of 3.49. The firm has a 50 day simple moving average of $77.71 and a two-hundred day simple moving average of $58.40. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84.

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

Insider Buying and Selling at Life360

In other Life360 news, Director James Synge sold 25,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $84.23, for a total transaction of $2,105,750.00. Following the completion of the transaction, the director directly owned 219,754 shares in the company, valued at $18,509,879.42. This represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brit Morin sold 47,584 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $61.14, for a total value of $2,909,285.76. Following the completion of the sale, the director owned 26,442 shares in the company, valued at $1,616,663.88. The trade was a 64.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,406 shares of company stock worth $16,128,381.

Institutional Investors Weigh In On Life360

A number of institutional investors and hedge funds have recently bought and sold shares of LIF. Vanguard Group Inc. lifted its stake in Life360 by 3,865.6% in the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock worth $218,194,000 after purchasing an additional 5,540,302 shares in the last quarter. Norges Bank acquired a new position in Life360 in the second quarter valued at $60,369,000. Bank of New York Mellon Corp raised its holdings in Life360 by 320.0% during the first 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. Federated Hermes Inc. grew its position in Life360 by 661.6% during the second quarter. Federated Hermes Inc. now owns 371,461 shares of the company's stock worth $24,238,000 after buying an additional 322,688 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Life360 by 19,023.3% in the second quarter. BNP Paribas Financial Markets now owns 232,348 shares of the company's stock valued at $15,161,000 after purchasing an additional 231,133 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

About Life360

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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