Life360 (NASDAQ:LIF) Shares Up 7.8% - Here's What Happened

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)'s stock price traded up 7.8% during mid-day trading on Monday . The company traded as high as $101.15 and last traded at $100.77. 351,061 shares were traded during trading, a decline of 48% from the average session volume of 671,603 shares. The stock had previously closed at $93.44.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Life360 from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. JMP Securities raised their price objective on Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 12th. Canaccord Genuity Group raised 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. UBS Group reaffirmed a "buy" rating and set a $85.00 price objective (up from $71.00) on shares of Life360 in a research note on Tuesday, August 12th. Finally, Evercore ISI raised their target price on Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $86.43.

Life360 Stock Up 2.0%

The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. The company has a market capitalization of $7.77 billion, a P/E ratio of 313.26 and a beta of 3.50. The company has a 50 day moving average of $81.08 and a 200-day moving average of $60.09.

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

Insider Buying and Selling at Life360

In other Life360 news, CFO Russell John Burke sold 16,287 shares of Life360 stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the sale, the chief financial officer directly owned 63,030 shares of the company's stock, valued at approximately $5,699,172.60. The trade was a 20.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $88.12, for a total value of $275,375.00. Following the sale, the director directly owned 9,375 shares in the company, valued at approximately $826,125. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,114 shares of company stock worth $14,118,504. Insiders own 8.00% of the company's stock.

Institutional Trading of Life360

Several large investors have recently bought and sold shares of LIF. Northern Trust Corp boosted its position in Life360 by 227.6% during the 4th quarter. Northern Trust Corp now owns 112,370 shares of the company's stock valued at $4,638,000 after acquiring an additional 78,070 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Life360 by 12.3% during the 4th quarter. Ameriprise Financial Inc. now owns 90,198 shares of the company's stock valued at $3,708,000 after acquiring an additional 9,878 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Life360 by 2,816.3% during the 4th quarter. BNP Paribas Financial Markets now owns 72,996 shares of the company's stock valued at $3,013,000 after acquiring an additional 70,493 shares in the last quarter. Bank of America Corp DE boosted its position in Life360 by 190.5% during the 4th quarter. Bank of America Corp DE now owns 9,203 shares of the company's stock valued at $380,000 after acquiring an additional 6,035 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in Life360 by 1,233.3% during the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock valued at $8,286,000 after acquiring an additional 185,722 shares in the last quarter. 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.