Life360 (NASDAQ:LIF) Stock Rating Lowered by Wall Street Zen

Life360 (NASDAQ:LIF) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other analysts have also recently weighed in on LIF. UBS Group lowered their price target on Life360 from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Stifel Nicolaus cut their price objective on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 27th. Canaccord Genuity Group lowered their target price on shares of Life360 from $115.00 to $94.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Citigroup reiterated a “buy” rating on shares of Life360 in a research report on Tuesday, January 27th. Finally, Citizens Jmp downgraded shares of Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Life360 has an average rating of “Moderate Buy” and an average target price of $83.31.

Life360 Trading Up 5.5%

Shares of LIF opened at $47.57 on Friday. Life360 has a 1 year low of $29.62 and a 1 year high of $112.54. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $56.01 and a 200-day simple moving average of $76.38. The stock has a market cap of $3.82 billion, a PE ratio of 27.18 and a beta of 3.84.

Insiders Place Their Bets

In other news, Director Alex Haro sold 1,887 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total transaction of $120,692.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chris Hulls sold 1,846 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total transaction of $118,070.16. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,559 shares of company stock worth $1,525,548 over the last ninety days.

Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently modified their holdings of the business. Strive Financial Group LLC acquired a new position in Life360 in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. raised its position in shares of Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after acquiring an additional 239 shares during the last quarter. MCF Advisors LLC bought a new stake in shares of Life360 during the 4th quarter valued at $32,000. NewEdge Advisors LLC acquired a new position in shares of Life360 in the 3rd quarter valued at $32,000. Finally, CWM LLC boosted its position in shares of Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.