Life360 (NASDAQ:LIF) Given New $92.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus has raised its price target for Life360 (NASDAQ:LIF) from $87.00 to $92.00, suggesting a potential upside of 24.76% from the current stock price.
• Life360 has an average rating of "Moderate Buy" from analysts, with a consensus price target of $76.50, while one analyst has a hold rating and six have buy ratings.
• The company reported a revenue of $103.62 million for its last quarter, exceeding expectations, and had a return on equity of 4.05% with a net margin of 2.42%.

Life360 (NASDAQ:LIF - Free Report) had its price target increased by Stifel Nicolaus from $87.00 to $92.00 in a research report report published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also commented on LIF. Wall Street Zen lowered Life360 from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Citigroup started coverage on Life360 in a research note on Thursday, July 31st. They set a "buy" rating and a $90.00 price objective on the stock. Canaccord Genuity Group raised their price objective on Life360 from $75.00 to $86.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. UBS Group raised their target price on Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a report on Monday, June 16th. Finally, JMP Securities raised their target price on Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a report on Monday, June 16th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.43.

Life360 Price Performance

Life360 stock traded down $3.61 during mid-day trading on Tuesday, reaching $85.33. 1,280,907 shares of the company were exchanged, compared to its average volume of 809,063. The company has a fifty day simple moving average of $69.30 and a 200-day simple moving average of $53.52. Life360 has a 12 month low of $29.62 and a 12 month high of $89.80. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 3.25. The firm has a market cap of $6.62 billion, a PE ratio of 266.66 and a beta of 3.46.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $115.38 million for the quarter, compared to analyst estimates of $109.33 million. As a group, equities research analysts expect that Life360 will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $75.87, for a total value of $235,500.48. Following the sale, the chief financial officer owned 196,418 shares of the company's stock, valued at approximately $14,902,233.66. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $73.56, for a total value of $229,875.00. Following the completion of the sale, the director directly owned 12,500 shares in the company, valued at approximately $919,500. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,793 shares of company stock worth $7,156,984. 8.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Life360

Hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas boosted its holdings in shares of Life360 by 81.8% during the 1st quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company's stock valued at $513,000 after acquiring an additional 6,014 shares in the last quarter. Emerald Advisers LLC lifted its holdings in Life360 by 53.8% during the 1st quarter. Emerald Advisers LLC now owns 270,817 shares of the company's stock worth $10,397,000 after buying an additional 94,679 shares during the period. Barclays PLC lifted its holdings in Life360 by 280.6% during the 4th quarter. Barclays PLC now owns 30,952 shares of the company's stock worth $1,278,000 after buying an additional 22,820 shares during the period. Federated Hermes Inc. lifted its holdings in Life360 by 75.6% during the 1st quarter. Federated Hermes Inc. now owns 48,773 shares of the company's stock worth $1,872,000 after buying an additional 21,004 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after buying an additional 418,493 shares during the period. Institutional investors and hedge funds 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.