Life360 (NASDAQ:LIF) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Life360 (NASDAQ:LIF) issued its quarterly earnings data on Monday. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10, FiscalAI reports. The firm had revenue of $174.14 million during the quarter, compared to analyst estimates of $171.53 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%.

Life360 Stock Performance

LIF traded down $2.35 during trading on Monday, reaching $45.02. 3,289,918 shares of the company’s stock were exchanged, compared to its average volume of 947,495. Life360 has a 1 year low of $37.01 and a 1 year high of $95.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. The stock has a market capitalization of $3.67 billion, a P/E ratio of 26.33 and a beta of 2.17. The company’s fifty day simple moving average is $42.84 and its 200-day simple moving average is $46.95.

Insider Buying and Selling at Life360

In other news, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $43.29, for a total value of $343,289.70. Following the sale, the director directly owned 109,930 shares of the company’s stock, valued at $4,758,869.70. This represents a 6.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Coghlan sold 4,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $45.80, for a total transaction of $183,200.00. Following the completion of the sale, the director owned 8,431 shares in the company, valued at $386,139.80. The trade was a 32.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 419,089 shares of company stock worth $18,880,975. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LIF. Morgan Stanley set a $65.20 target price on Life360 in a research report on Wednesday, August 12th. Wall Street Zen raised Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Bank of America raised their price target on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. DA Davidson restated a “neutral” rating and set a $40.00 price target on shares of Life360 in a research note on Tuesday, September 29th. Finally, Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. 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 stock. Based on data from MarketBeat, Life360 presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.93.

Life360 Company Profile

Life360 operates a family safety and location-sharing platform. Its mobile app helps families and other groups share locations, coordinate their activities and receive alerts about arrivals, departures and other events. The service also includes features such as driving insights, roadside assistance and emergency support.

The company’s offerings include the Life360 app and Tile, its line of Bluetooth tracking devices and related services for finding everyday items. Together, these products provide location and safety tools for people, pets and belongings.

Founded in 2008, Life360 serves users in markets around the world, including North America, Europe and the Asia-Pacific region.