Life360 (LIF) to Release Quarterly Earnings on Thursday

Life360 (NASDAQ:LIF) will likely be issuing its quarterly earnings data on Thursday, February 27th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $114.39 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Life360 Trading Up 1.8 %

NASDAQ LIF opened at $47.92 on Thursday. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $52.76. The stock has a 50-day simple moving average of $43.87 and a two-hundred day simple moving average of $41.97.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JMP Securities raised their target price on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. Canaccord Genuity Group raised their target price on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, Stifel Nicolaus lifted their price objective on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $47.63.

Insider Buying and Selling

In other Life360 news, Director Mark Goines sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $40.70, for a total value of $2,035,000.00. Following the transaction, the director now directly owns 76,272 shares of the company’s stock, valued at $3,104,270.40. This trade represents a 39.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total transaction of $136,482.88. Following the completion of the transaction, the chief financial officer now directly owns 158,066 shares in the company, valued at $6,950,162.02. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,520 shares of company stock worth $3,156,283.

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.