Life360's (LIF) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Life360 (NASDAQ:LIF), while other analysts have given it various "buy" ratings, raising price targets significantly.
• Life360 reported earnings of $0.08 per share, exceeding expectations, with quarterly revenue of $115.38 million outperforming the forecast.
• Insider trading activity includes a significant sale by Director Mark Goines, who sold 20,000 shares, reducing his stake by 21.78%.

Life360 (NASDAQ:LIF - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Life360 from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Stifel Nicolaus boosted their price target on shares of Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Citigroup began coverage on shares of Life360 in a report on Thursday, July 31st. They issued a "buy" rating and a $90.00 price target on the stock. UBS Group boosted their price target on shares of Life360 from $85.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Finally, JMP Securities boosted their price target on shares of Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $91.43.

Life360 Price Performance

LIF opened at $107.37 on Wednesday. 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 $8.33 billion, a price-to-earnings ratio of 335.54 and a beta of 3.51. The firm's fifty day moving average price is $93.04 and its two-hundred day moving average price is $67.91. Life360 has a 1 year low of $29.62 and a 1 year high of $112.54.

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

Insiders Place Their Bets

In related news, Director Mark Goines sold 20,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $86.87, for a total value of $1,737,400.00. Following the sale, the director directly owned 71,809 shares in the company, valued at approximately $6,238,047.83. The trade was a 21.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lauren Antonoff sold 4,546 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $101.52, for a total value of $461,509.92. Following the completion of the sale, the chief executive officer owned 333,919 shares in the company, valued at $33,899,456.88. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 169,763 shares of company stock worth $14,434,382 in the last ninety days. 8.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Life360

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. Keystone Financial Group Inc. bought a new stake in shares of Life360 during the second quarter valued at about $62,000. Caitong International Asset Management Co. Ltd grew its stake 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 acquiring an additional 1,978 shares in the last quarter. GAMMA Investing LLC grew its stake in Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after acquiring an additional 2,116 shares in the last quarter. State of Wyoming purchased a new position in Life360 during the second quarter valued at approximately $96,000. Finally, Ameritas Investment Partners Inc. grew its stake in Life360 by 53.2% during the second 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 in the last quarter. 20.00% of the stock is currently 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.

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