Life360 (NASDAQ:LIF) Shares Gap Up – Time to Buy?

Life360, Inc. (NASDAQ:LIF) shares gapped up prior to trading on Friday . The stock had previously closed at $54.81, but opened at $67.90. Life360 shares last traded at $69.0150, with a volume of 981,907 shares traded.

Analyst Upgrades and Downgrades

LIF has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. UBS Group lowered their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Stifel Nicolaus set a $92.00 target price on Life360 in a research report on Tuesday, December 9th. Citizens Jmp downgraded Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. Finally, Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Life360 has an average rating of “Moderate Buy” and an average price target of $92.31.

Life360 Price Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The stock has a market capitalization of $5.53 billion, a PE ratio of 207.62 and a beta of 3.79. The stock’s 50 day moving average is $67.26 and its two-hundred day moving average is $81.38.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data 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 return on equity of 7.95% and a net margin of 6.46%.The company had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $119.26 million. On average, equities analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Transactions at Life360

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $68.30, for a total value of $541,619.00. Following the transaction, the director owned 105,456 shares in the company, valued at approximately $7,202,644.80. This trade represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lauren Antonoff sold 19,442 shares of Life360 stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the sale, the chief executive officer directly owned 305,385 shares in the company, valued at approximately $23,282,552.40. This trade represents a 5.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 608,476 shares of company stock worth $46,751,979 in the last quarter. 8.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Life360

A number of institutional investors have recently added to or reduced their stakes in LIF. Janney Montgomery Scott LLC acquired a new position in shares of Life360 during the 2nd quarter valued at about $344,000. Wilson Asset Management International PTY Ltd. raised its stake in Life360 by 11.2% during the second quarter. Wilson Asset Management International PTY Ltd. now owns 69,975 shares of the company’s stock worth $4,566,000 after purchasing an additional 7,043 shares during the period. Castleark Management LLC acquired a new position in Life360 in the 2nd quarter valued at about $5,518,000. Permanent Capital Management LP acquired a new position in Life360 in the 3rd quarter valued at about $2,290,000. Finally, Federated Hermes Inc. grew its stake 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 period. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.