Life360 (NASDAQ:LIF) Raised to Strong-Buy at DA Davidson

Life360 (NASDAQ:LIF) was upgraded by analysts at DA Davidson to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research report on Monday. Citigroup restated a “market outperform” rating on shares of Life360 in a research report on Tuesday, November 11th. Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group lowered their price target on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Stifel Nicolaus set a $92.00 price objective on Life360 in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Life360 has an average rating of “Moderate Buy” and a consensus target price of $90.50.

Life360 Price Performance

Life360 stock traded down $1.49 during mid-day trading on Thursday, reaching $67.57. 569,322 shares of the company were exchanged, compared to its average volume of 883,906. The firm has a market cap of $5.30 billion, a PE ratio of 198.74 and a beta of 3.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The company has a fifty day simple moving average of $85.86 and a 200-day simple moving average of $81.45. Life360 has a 12 month low of $29.62 and a 12 month high of $112.54.

Life360 (NASDAQ:LIF) last released 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. The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. As a group, equities research analysts expect that Life360 will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at Life360

In other news, Director Chris Hulls sold 311,749 shares of the firm’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 completion of the transaction, the director directly owned 469,749 shares in the company, valued at $36,217,647.90. This trade represents a 39.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alex Haro sold 100,000 shares of Life360 stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $76.45, for a total value of $7,645,000.00. Following the completion of the transaction, the director directly owned 861,315 shares in the company, valued at approximately $65,847,531.75. This represents a 10.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 609,869 shares of company stock worth $47,724,043. 8.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new stake in shares of Life360 in the 3rd quarter valued at $47,000. Swiss Life Asset Management Ltd acquired a new stake in Life360 during the 3rd quarter worth about $355,000. CIBC Bancorp USA Inc. acquired a new stake in Life360 during the third quarter worth approximately $206,000. Advisory Services Network LLC bought a new position in shares of Life360 during the 3rd quarter worth approximately $80,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Life360 by 321.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 36,464 shares of the company’s stock worth $3,876,000 after acquiring an additional 27,807 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.