UBS Group Issues Positive Forecast for Life360 (NASDAQ:LIF) Stock Price

Life360 (NASDAQ:LIF - Get Free Report) had its price objective boosted by equities research analysts at UBS Group from $57.00 to $71.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 13.29% from the stock's current price.

LIF has been the topic of a number of other reports. JMP Securities raised their price target on shares of Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a research report on Monday. Canaccord Genuity Group increased their target price on shares of Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Loop Capital lifted their price target on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus cut their price target on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Life360 presently has a consensus rating of "Buy" and an average price target of $58.67.

Life360 Stock Performance

Shares of NASDAQ LIF traded up $0.45 during trading hours on Monday, reaching $62.67. 524,613 shares of the stock were exchanged, compared to its average volume of 457,864. The firm has a market capitalization of $4.80 billion and a price-to-earnings ratio of 696.33. The stock's fifty day simple moving average is $52.10 and its 200 day simple moving average is $45.93. Life360 has a 52 week low of $28.94 and a 52 week high of $65.79.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. Life360 had a return on equity of 4.05% and a net margin of 2.42%. The firm had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. Research analysts predict that Life360 will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life360 news, General Counsel Susan L. Stick sold 500 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $62.23, for a total transaction of $31,115.00. Following the completion of the transaction, the general counsel now directly owns 110,809 shares in the company, valued at $6,895,644.07. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brit Morin sold 47,584 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $61.14, for a total value of $2,909,285.76. Following the completion of the sale, the director now directly owns 26,442 shares in the company, valued at approximately $1,616,663.88. This represents a 64.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,485 shares of company stock worth $5,563,017 over the last ninety days. Corporate insiders own 8.00% of the company's stock.

Institutional Trading of Life360

Several large investors have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Life360 by 280.6% in the fourth quarter. Barclays PLC now owns 30,952 shares of the company's stock worth $1,278,000 after acquiring an additional 22,820 shares during the last quarter. Swiss National Bank bought a new stake in shares of Life360 during the 4th quarter valued at approximately $5,717,000. BNP Paribas Financial Markets grew its holdings in shares of Life360 by 2,816.3% during the 4th quarter. BNP Paribas Financial Markets now owns 72,996 shares of the company's stock valued at $3,013,000 after purchasing an additional 70,493 shares during the last quarter. Bank of New York Mellon Corp increased its position in Life360 by 1,007.8% during the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock worth $5,397,000 after purchasing an additional 118,974 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Life360 by 12.3% during the 4th quarter. Ameriprise Financial Inc. now owns 90,198 shares of the company's stock worth $3,708,000 after purchasing an additional 9,878 shares in the last quarter. 20.00% of the stock is 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.