Life360 (NASDAQ:LIF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Life360 (NASDAQ:LIF) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other research analysts have also commented on LIF. UBS Group dropped their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. DA Davidson started coverage on shares of Life360 in a report on Thursday, December 11th. They issued a “buy” rating and a $94.00 target price for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a research note on Monday, December 29th. Citizens Jmp downgraded shares of Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. Finally, Stifel Nicolaus decreased their price objective on shares of Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Life360 Price Performance

NASDAQ:LIF opened at $53.79 on Friday. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 158.21 and a beta of 3.84. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The business has a 50 day simple moving average of $58.15 and a 200-day simple moving average of $77.81. Life360 has a 1 year low of $29.62 and a 1 year high of $112.54.

Insider Activity

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $61.98, for a total value of $491,501.40. Following the transaction, the director directly owned 105,456 shares in the company, valued at $6,536,162.88. This represents a 6.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chris Hulls sold 1,846 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total transaction of $118,070.16. The SEC filing for this sale provides additional information. In the last three months, insiders sold 61,126 shares of company stock valued at $4,361,969.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LIF. Vanguard Group Inc. increased its holdings in Life360 by 18.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after purchasing an additional 1,260,236 shares during the period. Norges Bank bought a new position in shares of Life360 during the 2nd quarter worth $60,369,000. Citigroup Inc. increased its stake in shares of Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after buying an additional 459,463 shares during the period. American Century Companies Inc. purchased a new position in shares of Life360 during the third quarter valued at $44,632,000. Finally, Franklin Resources Inc. raised its holdings in shares of Life360 by 86.3% in the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after acquiring an additional 352,110 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

About Life360

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.