Life360, Inc. (NASDAQ:LIF) Stock Has Consensus Price Target of $55.56

Life360, Inc. (NASDAQ:LIF) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $55.56.

LIF has been the topic of several research analyst reports. UBS Group set a $45.00 price objective on Life360 in a research note on Wednesday. DA Davidson reissued a “neutral” rating and set a $40.00 target price on shares of Life360 in a research note on Tuesday, September 29th. Wall Street Zen raised shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Citigroup reduced their price target on shares of Life360 from $60.00 to $56.60 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley set a $65.20 price target on shares of Life360 in a report on Wednesday, August 12th.

Insiders Place Their Bets

In other Life360 news, Director John Coghlan sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $45.80, for a total value of $183,200.00. Following the sale, the director owned 8,431 shares in the company, valued at $386,139.80. This trade represents a 32.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alex Haro sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $41.44, for a total transaction of $2,072,000.00. Following the completion of the sale, the director owned 1,010,303 shares in the company, valued at $41,866,956.32. This represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 411,159 shares of company stock worth $18,495,656 over the last 90 days. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Life360

Several hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in Life360 by 872.7% in the 3rd quarter. Sterling Capital Management LLC now owns 642 shares of the company’s stock worth $26,000 after purchasing an additional 576 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Life360 by 7,290.9% during the third quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock valued at $33,000 after purchasing an additional 802 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Life360 during the first quarter worth about $76,000. Royal Bank of Canada grew its holdings in shares of Life360 by 85.5% during the first quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock worth $84,000 after purchasing an additional 949 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Life360 by 44.0% during the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after purchasing an additional 569 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Price Performance

LIF traded up $0.23 during trading on Thursday, hitting $43.93. 448,255 shares of the stock traded hands, compared to its average volume of 863,342. The business has a 50 day moving average price of $42.92 and a 200 day moving average price of $46.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 5.31 and a quick ratio of 5.46. Life360 has a twelve month low of $37.01 and a twelve month high of $80.51. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 23.62 and a beta of 2.17.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, November 9th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Life360 had a return on equity of 7.21% and a net margin of 25.71%. The firm had revenue of $174.14 million for the quarter, compared to the consensus estimate of $171.53 million. Equities research analysts forecast that Life360 will post 0.53 earnings per share for the current fiscal year.

About Life360

Life360 operates a family safety and location-sharing platform. Its mobile app helps families and other groups share locations, coordinate their activities and receive alerts about arrivals, departures and other events. The service also includes features such as driving insights, roadside assistance and emergency support. The company’s offerings include the Life360 app and Tile, its line of Bluetooth tracking devices and related services for finding everyday items. Together, these products provide location and safety tools for people, pets and belongings.