Life360, Inc. (NASDAQ:LIF) Receives $64.81 Average Target Price from Analysts

Life360, Inc. (NASDAQ:LIF) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $64.8090.

Several equities research analysts have issued reports on LIF shares. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. Evercore set a $68.00 target price on shares of Life360 in a research note on Tuesday, May 12th. Citigroup lifted their target price on shares of Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a report on Monday, July 6th. DA Davidson increased their price target on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Finally, Morgan Stanley assumed coverage on Life360 in a research report on Tuesday, July 21st. They issued an “overweight” rating and a $66.24 price objective on the stock.

Life360 News Summary

Here are the key news stories impacting Life360 this week:

• Positive Sentiment: Life360’s revenue reportedly grew 38%, supporting the investment case for continued expansion in its family-safety platform and subscription business. Life360 revenue grew 38 percent article
• Positive Sentiment: A recent investment commentary described Life360 shares as a potential strong buy, reflecting confidence in the company’s growth prospects and recurring-revenue model. Why Life360 shares could be a strong buy this month
• Neutral Sentiment: Analyst coverage remains broadly constructive, with a reported consensus “Moderate Buy” rating and an average price target of $64.81. However, differing targets and ratings indicate uncertainty about valuation and execution. Life360 analyst coverage
• Negative Sentiment: Three directors sold a combined 41,701 shares worth approximately $2.57 million: founder and director Chris Hulls sold 27,000 shares for $1.71 million, Brit Morin sold 10,701 shares for $642,060, and John Philip Coghlan sold 4,000 shares for $219,280. The transactions reduced their respective holdings by about 6.05%, 34.68%, and 16.37%, creating a near-term supply and sentiment overhang. Life360 founder stock sale Life360 director stock sale
• Negative Sentiment: All three sales were executed under pre-arranged Rule 10b5-1 trading plans, which suggests they may have been scheduled rather than discretionary bets against the stock. Even so, the timing and aggregate size of the disposals are likely contributing to investor caution. Life360 director sold stock at 60 dollars

Insider Activity

In other news, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $54.82, for a total transaction of $219,280.00. Following the sale, the director directly owned 20,431 shares of the company’s stock, valued at approximately $1,120,027.42. The trade was a 16.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 27,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $63.34, for a total value of $1,710,180.00. Following the completion of the transaction, the director owned 419,554 shares in the company, valued at approximately $26,574,550.36. This trade represents a 6.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 94,707 shares of company stock worth $5,008,946. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Life360 in the fourth quarter valued at $47,097,000. Principal Financial Group Inc. grew its holdings in Life360 by 455.0% during the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock worth $18,918,000 after acquiring an additional 379,941 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after purchasing an additional 352,110 shares during the last quarter. Greenspring Advisors LLC bought a new stake in shares of Life360 in the 4th quarter worth about $21,720,000. Finally, Bank of America Corp DE raised its stake in shares of Life360 by 312.8% in the 1st quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock valued at $16,626,000 after purchasing an additional 308,632 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Trading Down 2.9%

NASDAQ LIF opened at $59.69 on Tuesday. Life360 has a one year low of $37.01 and a one year high of $112.54. The company’s 50 day moving average price is $52.01 and its 200 day moving average price is $48.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 34.50 and a beta of 2.35.

About Life360

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.