Life360, Inc. (NASDAQ:LIF) Receives Consensus Rating of “Buy” from Brokerages

Shares of Life360, Inc. (NASDAQ:LIF) have been given an average recommendation of “Buy” by the eight research firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $47.63.

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

Life360 Price Performance

LIF stock opened at $38.12 on Friday. The stock has a 50-day moving average price of $43.67 and a two-hundred day moving average price of $42.78. Life360 has a 12-month low of $26.00 and a 12-month high of $52.77.

Life360 (NASDAQ:LIF) last issued its earnings results 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). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $114.39 million. As a group, sell-side analysts forecast that Life360 will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $41.41, for a total transaction of $128,536.64. Following the completion of the transaction, the chief financial officer now directly owns 154,962 shares of the company’s stock, valued at $6,416,976.42. This trade represents a 1.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Susan L. Stick sold 2,822 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the completion of the sale, the general counsel now directly owns 86,752 shares of the company’s stock, valued at $3,650,524.16. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 154,143 shares of company stock worth $6,519,549 over the last ninety days.

Institutional Trading of Life360

Several institutional investors have recently added to or reduced their stakes in LIF. WealthPlan Investment Management LLC lifted its position in shares of Life360 by 2.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock worth $412,000 after buying an additional 247 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Life360 by 82.3% in 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 during the last quarter. New York State Common Retirement Fund acquired a new position in Life360 in the fourth quarter valued at approximately $25,000. Corebridge Financial Inc. grew its holdings 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 purchasing an additional 1,987 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Life360 during the 3rd quarter worth approximately $98,000. Institutional investors own 20.00% of the company’s stock.

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.