Life360 (NASDAQ:LIF) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Life360 (NASDAQ:LIF) from a buy rating to a hold rating in a report published on Sunday.

A number of other research firms have also weighed in on LIF. Citigroup reiterated a “buy” rating on shares of Life360 in a research note on Tuesday, January 27th. Stifel Nicolaus dropped their target price on Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 27th. Citizens Jmp downgraded Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. UBS Group dropped their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, DA Davidson began coverage on shares of Life360 in a report on Thursday, December 11th. They set a “buy” rating and a $94.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Life360 Stock Up 1.2%

LIF stock opened at $55.80 on Friday. The firm’s fifty day simple moving average is $63.30 and its 200-day simple moving average is $80.51. The company has a market capitalization of $4.37 billion, a P/E ratio of 164.12 and a beta of 3.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. Life360 has a 12 month low of $29.62 and a 12 month high of $112.54.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The firm had revenue of $124.50 million during the quarter, compared to analysts’ expectations of $119.26 million. As a group, equities research analysts forecast that Life360 will post -0.17 earnings per share for the current year.

Insider Activity

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $68.30, for a total transaction of $541,619.00. Following the transaction, the director directly owned 105,456 shares of the company’s stock, valued at $7,202,644.80. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chris Hulls sold 311,749 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $77.10, for a total transaction of $24,035,847.90. Following the sale, the director directly owned 469,749 shares of the company’s stock, valued at $36,217,647.90. This represents a 39.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 605,351 shares of company stock worth $46,442,822.

Hedge Funds Weigh In On Life360

Several hedge funds and other institutional investors have recently made changes to their positions in LIF. Greenspring Advisors LLC acquired a new stake in shares of Life360 in the fourth quarter worth approximately $21,720,000. Goldman Sachs Group Inc. raised its stake in Life360 by 60.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 212,319 shares of the company’s stock valued at $13,618,000 after purchasing an additional 79,983 shares during the last quarter. AXQ Capital LP raised its stake in Life360 by 51.1% in the 4th quarter. AXQ Capital LP now owns 9,259 shares of the company’s stock valued at $594,000 after purchasing an additional 3,131 shares during the last quarter. Florida Financial Advisors LLC lifted its holdings in Life360 by 22.0% in the 4th quarter. Florida Financial Advisors LLC now owns 7,351 shares of the company’s stock valued at $471,000 after purchasing an additional 1,326 shares in the last quarter. Finally, Triodos Investment Management BV boosted its stake in Life360 by 12.5% during the 4th quarter. Triodos Investment Management BV now owns 31,500 shares of the company’s stock worth $2,102,000 after purchasing an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.