Life360, Inc. (NASDAQ:LIF) Stock Has Average Target Price of $59.94 According to Analysts

Life360, Inc. (NASDAQ:LIF) has received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $59.94.

Several equities analysts have weighed in on LIF shares. Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Wall Street Zen upgraded Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Morgan Stanley set a $65.20 target price on Life360 in a research report on Wednesday, August 12th. DA Davidson lowered their price target on Life360 from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, September 15th. Finally, UBS Group dropped their price target on Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th.

Insider Activity at Life360

In other Life360 news, Director Alex Haro sold 50,000 shares of Life360 stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $40.88, for a total transaction of $2,044,000.00. Following the transaction, the director owned 1,010,303 shares of the company’s stock, valued at $41,301,186.64. The trade was a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $48.59, for a total value of $385,318.70. Following the completion of the transaction, the director owned 109,930 shares in the company, valued at $5,341,498.70. This represents a 6.73% 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 quarter, insiders have sold 403,515 shares of company stock worth $19,172,830. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Life360

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Life360 during the 2nd quarter valued at $317,000. Nykredit A S purchased a new stake in shares of Life360 during the second quarter worth $126,000. Amundi boosted its position in Life360 by 156.5% during the second quarter. Amundi now owns 12,969 shares of the company’s stock valued at $718,000 after purchasing an additional 7,912 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Life360 during the second quarter valued at $908,000. Finally, AXQ Capital LP purchased a new position in Life360 in the second quarter valued at about $505,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Stock Performance

Shares of LIF opened at $41.10 on Wednesday. Life360 has a one year low of $37.01 and a one year high of $112.54. The company has a 50-day moving average of $47.91 and a two-hundred day moving average of $46.24. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 24.04 and a beta of 2.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. On average, equities research analysts expect that Life360 will post 0.53 earnings per share for the current year.

About Life360

Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.

The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.