Brokerages Set Life360, Inc. (NASDAQ:LIF) PT at $92.31

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $92.3125.

A number of analysts have recently issued reports on LIF shares. Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Citigroup decreased their price objective on Life360 from $96.80 to $79.50 and set a “buy” rating on the stock in a report on Friday, January 9th. DA Davidson began coverage on shares of Life360 in a report on Thursday, December 11th. They set a “buy” rating and a $94.00 target price for the company. Citizens Jmp cut shares of Life360 from a “market outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Finally, UBS Group decreased their price target on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th.

Life360 Stock Performance

NASDAQ:LIF opened at $54.81 on Friday. 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 $4.30 billion, a PE ratio of 161.21 and a beta of 3.79. Life360 has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The company has a fifty day moving average of $67.26 and a two-hundred day moving average of $81.38.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The firm had revenue of $124.50 million during the quarter, compared to the consensus estimate of $119.26 million. As a group, research analysts forecast that Life360 will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Chris Hulls sold 1,846 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total value of $118,070.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alex Haro sold 1,887 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $120,692.52. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 608,476 shares of company stock valued at $46,751,979. Insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Life360

Large investors have recently made changes to their positions in the stock. CWM LLC increased its holdings in Life360 by 71.4% in 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. SBI Securities Co. Ltd. grew its stake in shares of 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 buying an additional 239 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Life360 by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after buying an additional 254 shares during the period. NewEdge Advisors LLC acquired a new position in Life360 during the 3rd quarter worth about $32,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Life360 by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after acquiring an additional 343 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.