Life360 (NASDAQ:LIF) Shares Gap Down – What’s Next?

Life360, Inc. (NASDAQ:LIF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $45.08, but opened at $43.00. Life360 shares last traded at $43.4950, with a volume of 178,627 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a report on Sunday. DA Davidson assumed coverage on Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 target price for the company. Citigroup reiterated a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Stifel Nicolaus dropped their price objective on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 27th. Finally, UBS Group cut their target price on shares of Life360 from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.31.

Life360 Price Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.16 and a current ratio of 6.26. The company has a 50-day moving average price of $55.22 and a 200-day moving average price of $75.85. The firm has a market capitalization of $3.39 billion, a P/E ratio of 24.21 and a beta of 3.84.

Insider Activity at Life360

In other news, Director Alex Haro sold 1,887 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $120,692.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chris Hulls sold 1,846 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total transaction of $118,070.16. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 40,712 shares of company stock worth $2,295,032. 8.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Life360

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Strive Financial Group LLC bought a new stake in shares of Life360 in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. grew its stake in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after acquiring an additional 239 shares during the period. MCF Advisors LLC acquired a new position in Life360 in the fourth quarter valued at about $32,000. NewEdge Advisors LLC bought a new stake in shares of Life360 in the third quarter worth about $32,000. Finally, CWM LLC increased its holdings in shares of Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after acquiring an additional 160 shares in the last quarter. 20.00% of the stock is owned by institutional investors.

Life360 Company Profile

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.