UBS Group Increases Life360 (NASDAQ:LIF) Price Target to $71.00

Life360 (NASDAQ:LIF - Get Free Report) had its target price boosted by analysts at UBS Group from $57.00 to $71.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target suggests a potential upside of 12.41% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. Stifel Nicolaus lowered their price target on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. JMP Securities increased their price objective on shares of Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a research note on Monday. Loop Capital lifted their target price on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Canaccord Genuity Group upped their price target on shares of Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $53.63.

Life360 Trading Up 3.4%

Shares of Life360 stock traded up $2.07 during trading on Monday, reaching $63.16. The company's stock had a trading volume of 110,389 shares, compared to its average volume of 619,311. The firm has a market cap of $4.83 billion and a PE ratio of 701.78. The company has a 50-day moving average price of $50.44 and a two-hundred day moving average price of $45.61. Life360 has a fifty-two week low of $28.89 and a fifty-two week high of $65.79.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The firm had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. On average, analysts predict that Life360 will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Life360 news, COO Lauren Antonoff sold 4,546 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $38.64, for a total transaction of $175,657.44. Following the completion of the transaction, the chief operating officer now directly owns 317,802 shares of the company's stock, valued at approximately $12,279,869.28. This trade represents a 1.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $39.35, for a total value of $122,142.40. Following the completion of the sale, the chief financial officer now directly owns 181,857 shares in the company, valued at $7,156,072.95. This represents a 1.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,959 shares of company stock worth $2,164,266 over the last ninety days. 8.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new position in shares of Life360 in the 4th quarter valued at $25,000. Summit Investment Advisors Inc. lifted its stake in shares of Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 acquiring an additional 1,978 shares in the last quarter. Finally, Strs Ohio acquired a new position in Life360 during the first quarter valued at approximately $157,000. 20.00% of the stock is owned by institutional investors and hedge funds.

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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