Life360 (NASDAQ:LIF) Stock Rating Upgraded by Wall Street Zen

Key Points

• Life360 was upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting a positive outlook for the company's stock performance.
• Multiple analysts have adjusted their target prices upward, with UBS increasing theirs from $71.00 to $85.00 and JMP Securities boosting it from $62.00 to $95.00, indicating strong investor confidence.
• The company's stock opened at $85.43 with a market cap of $6.63 billion and has shown significant price performance fluctuation, having a 52-week low of $29.62 and a high of $89.80.

Wall Street Zen upgraded shares of Life360 (NASDAQ:LIF - Free Report) from a hold rating to a buy rating in a research note published on Saturday.

A number of other analysts have also issued reports on LIF. Loop Capital boosted their price objective 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. Evercore ISI upped 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. UBS Group restated a "buy" rating and issued a $85.00 target price (up from $71.00) on shares of Life360 in a research note on Tuesday, August 12th. Finally, Canaccord Genuity Group upped their target price on Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Life360 presently has an average rating of "Buy" and an average price target of $86.43.

Life360 Stock Performance

Shares of NASDAQ:LIF traded down $0.43 during midday trading on Friday, reaching $85.17. 1,030,586 shares of the company traded hands, compared to its average volume of 824,344. 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 has a 12 month low of $29.62 and a 12 month high of $89.80. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 266.16 and a beta of 3.46. The firm's fifty day moving average price is $71.09 and its two-hundred day moving average price is $54.60.

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

Insider Transactions at Life360

In other news, Director Charles J. Prober sold 7,942 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $61.63, for a total value of $489,465.46. Following the completion of the transaction, the director directly owned 105,456 shares in the company, valued at approximately $6,499,253.28. This represents a 7.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Lauren Antonoff sold 4,546 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $62.50, for a total value of $284,125.00. Following the completion of the transaction, the chief operating officer owned 312,324 shares of the company's stock, valued at $19,520,250. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 170,723 shares of company stock valued at $12,074,884 over the last quarter. 8.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Life360

Hedge funds and other institutional investors have recently modified their holdings of the company. Keystone Financial Group Inc. purchased a new position in shares of Life360 in the 2nd quarter worth about $62,000. Summit Investment Advisors Inc. boosted its holdings in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after acquiring an additional 484 shares during the period. State of Wyoming purchased a new stake in Life360 during the 2nd quarter valued at about $96,000. Ameritas Investment Partners Inc. boosted its holdings in Life360 by 53.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock valued at $107,000 after acquiring an additional 570 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Life360 during the 2nd quarter valued at about $137,000. 20.00% of the stock is currently owned by hedge funds and other 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.