Life360, Inc. (NASDAQ:LIF) Given Average Rating of “Buy” by Analysts

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $47.63.

Several analysts recently weighed in on LIF shares. Canaccord Genuity Group upped their price objective on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and raised their price target for the company from $52.00 to $55.00 in a research note on Friday, January 17th.

Life360 Stock Performance

Shares of NASDAQ:LIF opened at $39.88 on Friday. Life360 has a 12-month low of $26.00 and a 12-month high of $52.77. The company’s 50 day moving average price is $43.68 and its two-hundred day moving average price is $42.88.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The firm had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. As a group, sell-side analysts forecast that Life360 will post -0.17 EPS for the current year.

Insider Activity at Life360

In other Life360 news, General Counsel Susan L. Stick sold 2,822 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the transaction, the general counsel now directly owns 86,752 shares of the company’s stock, valued at approximately $3,650,524.16. The trade was a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles J. Prober sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the transaction, the director now owns 102,742 shares in the company, valued at $4,265,847.84. The trade was a 32.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,689 shares of company stock worth $6,688,812 over the last three months.

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund bought a new stake in Life360 during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. increased its position in shares of Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after acquiring an additional 484 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Life360 during the third quarter worth about $98,000. MetLife Investment Management LLC acquired a new stake in shares of Life360 in the 3rd quarter worth about $139,000. Finally, KBC Group NV bought a new position in Life360 in the 4th quarter valued at about $147,000. 20.00% of the stock is owned by institutional investors.

Life360 Company Profile

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.