Life360 (NASDAQ:LIF) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Life360 (NASDAQ:LIF) from a "hold" rating to a "strong-buy" rating, reflecting positive sentiment in the market.
• The stock has a consensus target price of $91.43, with several firms setting price targets between $90.00 and $95.00 after recent upgrades.
• Life360 recently posted earnings that exceeded expectations, reporting a revenue of $115.38 million for the quarter, surpassing analyst estimates of $109.33 million.

Life360 (NASDAQ:LIF - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on LIF. Citigroup began coverage on Life360 in a research report on Thursday, July 31st. They set a "buy" rating and a $90.00 price target on the stock. Canaccord Genuity Group boosted their target price on shares of Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. JMP Securities upped their target price on shares of Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 12th. Wall Street Zen raised shares of Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Evercore ISI upped their price objective on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $91.43.

Life360 Stock Performance

Shares of LIF stock opened at $107.37 on Tuesday. The company has a market capitalization of $8.33 billion, a P/E ratio of 335.54 and a beta of 3.51. Life360 has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. The stock has a 50 day moving average price of $93.04 and a two-hundred day moving average price of $67.91.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $109.33 million. Life360 has set its FY 2025 guidance at EPS. Analysts expect that Life360 will post -0.17 earnings per share for the current year.

Insider Activity at Life360

In other news, Director Mark Goines sold 20,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $86.87, for a total value of $1,737,400.00. Following the transaction, the director owned 71,809 shares in the company, valued at $6,238,047.83. This represents a 21.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Russell John Burke sold 16,287 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were 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. This represents a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 169,763 shares of company stock valued at $14,434,382 in the last 90 days. 8.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Keystone Financial Group Inc. bought a new position in shares of Life360 during the 2nd quarter valued at approximately $62,000. Caitong International Asset Management Co. Ltd lifted its holdings in Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after purchasing an additional 1,978 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Life360 by 2,938.9% in the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after purchasing an additional 2,116 shares during the period. State of Wyoming bought a new position in shares of Life360 in the second quarter worth approximately $96,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Life360 by 53.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock worth $107,000 after purchasing an additional 570 shares in the last quarter. Institutional investors own 20.00% of the company's stock.

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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