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

Shares of Life360, Inc. (NASDAQ:LIF) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $49.50.

A number of research analysts recently commented on LIF shares. Loop Capital increased their target price on Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group increased their target price on Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus reduced their target price on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd.

Life360 Stock Up 0.5%

Life360 stock opened at $58.57 on Friday. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $62.64. The firm’s fifty day moving average price is $40.47 and its 200-day moving average price is $43.03.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09. The firm had revenue of $103.62 million for the quarter, compared to analysts’ expectations of $101.48 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, sell-side analysts expect that Life360 will post -0.17 earnings per share for the current year.

Insider Transactions at Life360

In related news, Director Charles J. Prober sold 50,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total value of $2,076,000.00. Following the completion of the transaction, the director now directly owns 102,742 shares of the company’s stock, valued at $4,265,847.84. This represents a 32.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Philip Coghlan sold 3,125 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $43.30, for a total transaction of $135,312.50. Following the transaction, the director now directly owns 32,903 shares of the company’s stock, valued at $1,424,699.90. This represents a 8.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 173,881 shares of company stock worth $7,220,851. Company insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Life360

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WealthPlan Investment Management LLC increased its stake in shares of Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after purchasing an additional 247 shares in the last quarter. 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 valued at $44,000 after acquiring an additional 484 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of Life360 during the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its position in shares of Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock valued at $84,000 after acquiring an additional 1,978 shares in the last quarter. Finally, Corebridge Financial Inc. increased its position in shares of Life360 by 64.0% during the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock valued at $210,000 after acquiring an additional 1,987 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

About Life360

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.