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

Life360, Inc. (NASDAQ:LIF)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $72.79, but opened at $77.61. Life360 shares last traded at $75.5040, with a volume of 508,319 shares.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Life360 in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Wall Street Zen downgraded shares of Life360 from a “buy” rating to a “hold” rating in a research note on Saturday. JMP Securities upped their target price on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 12th. Finally, Stifel Nicolaus downgraded Life360 from a “buy” rating to a “hold” rating and set a $92.00 price target on the stock. in a report on Friday, October 24th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.00.

Life360 Price Performance

The company has a market cap of $5.99 billion, a PE ratio of 227.75 and a beta of 3.41. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. The stock’s 50-day moving average is $98.27 and its 200 day moving average is $78.32.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Life360 had a return on equity of 8.08% and a net margin of 6.46%.The business had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Life360 has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lauren Antonoff sold 4,546 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $93.01, for a total transaction of $422,823.46. Following the sale, the chief executive officer owned 329,373 shares in the company, valued at approximately $30,634,982.73. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Goines sold 20,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $86.87, for a total transaction of $1,737,400.00. Following the completion of the transaction, the director directly owned 71,809 shares of the company’s stock, valued at $6,238,047.83. The trade was a 21.78% 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 have sold 149,799 shares of company stock valued at $13,416,952.

Institutional Investors Weigh In On Life360

A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its position in shares of Life360 by 824.1% in the 3rd 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. CWM LLC grew its stake in Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Life360 by 1,663.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after purchasing an additional 499 shares during the last quarter. Keystone Financial Group Inc. acquired a new position in shares of Life360 in the second quarter valued at about $62,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Life360 by 937.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after purchasing an additional 1,978 shares during the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

About Life360

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.