Life360, Inc. (NASDAQ:LIF) Receives $51.00 Consensus PT from Analysts

Life360, Inc. (NASDAQ:LIF) has earned a consensus rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $51.00.

A number of equities research analysts have recently commented on the company. Loop Capital raised their target price on Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. UBS Group raised their target price on Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Canaccord Genuity Group raised their target price on Life360 from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Finally, Stifel Nicolaus lowered their price objective on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd.

Insider Buying and Selling

In other news, COO Lauren Antonoff sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $38.38, for a total transaction of $211,090.00. Following the transaction, the chief operating officer now directly owns 312,302 shares in the company, valued at $11,986,150.76. The trade was a 1.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,429 shares of company stock worth $1,938,392. Insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. KBC Group NV acquired a new position in Life360 in the fourth quarter valued at approximately $147,000. Yorktown Management & Research Co Inc acquired a new position in Life360 in the fourth quarter valued at approximately $371,000. Rhumbline Advisers lifted its holdings in Life360 by 83.6% in the fourth quarter. Rhumbline Advisers now owns 12,651 shares of the company’s stock valued at $522,000 after acquiring an additional 5,762 shares during the last quarter. WealthPlan Investment Management LLC lifted its holdings in Life360 by 2.5% in the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after acquiring an additional 247 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in Life360 in the fourth quarter valued at approximately $2,083,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Price Performance

NASDAQ LIF opened at $64.58 on Thursday. The stock’s fifty day moving average price is $48.10 and its 200 day moving average price is $45.18. The company has a market cap of $4.94 billion and a price-to-earnings ratio of 717.56. Life360 has a 1 year low of $26.00 and a 1 year high of $65.79.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The business had revenue of $103.62 million during the quarter, compared to analyst estimates of $101.48 million. Research analysts expect that Life360 will post -0.17 earnings per share for the current year.

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.