Life360's (LIF) Buy Rating Reiterated at UBS Group

Key Points

• UBS Group raised its target price for Life360 stock from $71 to $85, indicating a potential upside of 5.95% from its current price and maintaining a "buy" rating.
• Several analysts have issued optimistic projections, with Citigroup setting a target price of $90 and JMP Securities increasing theirs to $95, while only one analyst rated the stock as a hold.
• Life360's recent stock performance showed an increase of 8.8%, trading at $80.23, with a market capitalization of $6.14 billion and a 1-year price range between $29.62 and $82.90.

UBS Group reaffirmed their buy rating on shares of Life360 (NASDAQ:LIF - Free Report) in a research report report published on Tuesday, Marketbeat.com reports. UBS Group currently has a $85.00 price objective on the stock, up from their previous price objective of $71.00.

Several other brokerages have also issued reports on LIF. JMP Securities raised their target price on shares of Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday. Evercore ISI raised their target price on shares of Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday. Wall Street Zen lowered shares of Life360 from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Canaccord Genuity Group raised their target price on shares of Life360 from $75.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, Loop Capital raised their target price on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $86.43.

Life360 Price Performance

Shares of Life360 stock traded down $3.61 during mid-day trading on Tuesday, reaching $85.33. 1,280,907 shares of the stock were exchanged, compared to its average volume of 809,063. Life360 has a fifty-two week low of $29.62 and a fifty-two week high of $89.80. The firm has a 50-day simple moving average of $69.30 and a 200 day simple moving average of $53.52. The company has a current ratio of 7.14, a quick ratio of 3.25 and a debt-to-equity ratio of 0.84. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 266.66 and a beta of 3.46.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. The company had revenue of $115.38 million for the quarter, compared to analyst estimates of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. On average, sell-side analysts predict that Life360 will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $75.87, for a total transaction of $235,500.48. Following the sale, the chief financial officer directly owned 196,418 shares in the company, valued at approximately $14,902,233.66. This trade represents a 1.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Lauren Antonoff sold 4,546 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $75.69, for a total transaction of $344,086.74. Following the sale, the chief operating officer owned 307,778 shares in the company, valued at $23,295,716.82. This trade represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 112,793 shares of company stock worth $7,156,984 over the last ninety days. Company insiders own 8.00% of the company's stock.

Institutional Trading of Life360

Hedge funds have recently bought and sold shares of the stock. Summit Investment Advisors Inc. raised 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 worth $44,000 after buying an additional 484 shares during the period. Keystone Financial Group Inc. acquired a new stake in Life360 during the 2nd quarter worth approximately $62,000. GAMMA Investing LLC raised its holdings in Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after buying an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Life360 by 937.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after buying an additional 1,978 shares during the period. Finally, Ameritas Investment Partners Inc. raised 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 worth $107,000 after buying an additional 570 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.