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

Shares of Life360, Inc. (NASDAQ:LIF) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $39.75.

A number of analysts have issued reports on LIF shares. JMP Securities lifted their price target on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, August 9th. Loop Capital boosted their target price on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Stifel Nicolaus restated a “buy” rating and issued a $40.00 target price (up from $37.00) on shares of Life360 in a report on Friday, August 9th. UBS Group boosted their target price on shares of Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group initiated coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price on the stock.

Insider Buying and Selling

In related news, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the transaction, the director now directly owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Life360 news, Director James Synge sold 33,617 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $37.04, for a total value of $1,245,173.68. Following the completion of the sale, the director now directly owns 291,944 shares of the company’s stock, valued at $10,813,605.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the sale, the director now directly owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,088 shares of company stock valued at $2,672,781.

Institutional Investors Weigh In On Life360

Large investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new stake in Life360 in the 2nd quarter valued at about $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Life360 in the 2nd quarter valued at about $192,000. XY Capital Ltd purchased a new stake in Life360 in the 2nd quarter valued at about $205,000. SG Americas Securities LLC purchased a new stake in shares of Life360 in the 3rd quarter worth approximately $246,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Life360 in the 2nd quarter worth approximately $405,000.

Life360 Stock Performance

LIF opened at $44.79 on Wednesday. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $46.12. The company’s fifty day moving average price is $38.71.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $84.86 million for the quarter, compared to the consensus estimate of $85.00 million. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. As a group, equities analysts expect that Life360 will post -0.29 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.