UBS Group Issues Pessimistic Forecast for Life360 (NASDAQ:LIF) Stock Price

Life360 (NASDAQ:LIF) had its target price lowered by equities research analysts at UBS Group from $120.00 to $110.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 51.12% from the stock’s previous close.

A number of other brokerages have also recently issued reports on LIF. Zacks Research cut shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. JMP Securities raised their target price on Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Life360 in a research note on Wednesday, October 8th. Canaccord Genuity Group upped their price objective on Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Finally, Evercore ISI raised their price objective on Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Life360 Price Performance

LIF stock traded down $20.51 during midday trading on Tuesday, reaching $72.79. The company had a trading volume of 3,842,644 shares, compared to its average volume of 734,178. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 227.48 and a beta of 3.42. The stock has a 50 day moving average price of $98.55 and a 200-day moving average price of $78.09. Life360 has a 1-year low of $29.62 and a 1-year high of $112.54. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data 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 net margin of 6.45% and a return on equity of 7.65%. The firm 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. Equities research analysts expect that Life360 will post -0.17 earnings per share for the current year.

Insider Buying and Selling at Life360

In other news, CFO Russell John Burke sold 16,287 shares of Life360 stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the sale, the chief financial officer directly owned 63,030 shares of the company’s stock, valued at approximately $5,699,172.60. This trade represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Goines sold 20,000 shares of the firm’s 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 owned 71,809 shares of the company’s stock, valued at approximately $6,238,047.83. This trade represents a 21.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 157,729 shares of company stock worth $14,084,103 over the last three months. 8.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Life360 by 3,865.6% during the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock valued at $218,194,000 after acquiring an additional 5,540,302 shares during the last quarter. Norges Bank bought a new position in Life360 during the 2nd quarter worth $60,369,000. Citigroup Inc. lifted its holdings in Life360 by 158.4% during the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after buying an additional 459,463 shares during the period. Bank of New York Mellon Corp grew its position in shares of Life360 by 320.0% in the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company’s stock valued at $21,087,000 after buying an additional 418,493 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Life360 by 661.6% in the 2nd quarter. Federated Hermes Inc. now owns 371,461 shares of the company’s stock valued at $24,238,000 after buying an additional 322,688 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.