Analysts Set Life360, Inc. (NASDAQ:LIF) PT at $47.63

Life360, Inc. (NASDAQ:LIF) has been assigned an average rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings 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 1 year price target among analysts that have issued a report on the stock in the last year is $47.63.

LIF has been the subject of a number of recent research reports. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group boosted their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd.

Life360 Price Performance

LIF opened at $38.63 on Friday. The firm has a 50 day moving average price of $43.55 and a 200-day moving average price of $42.89. Life360 has a twelve month low of $26.00 and a twelve month high of $52.77.

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

Insiders Place Their Bets

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $39.35, for a total value of $122,142.40. Following the completion of the sale, the chief financial officer now owns 181,857 shares in the company, valued at approximately $7,156,072.95. This represents a 1.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Synge sold 25,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $43.43, for a total value of $1,085,750.00. Following the completion of the transaction, the director now owns 241,944 shares in the company, valued at $10,507,627.92. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,189 shares of company stock worth $6,708,942.

Institutional Investors Weigh In On Life360

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