Life360 (NASDAQ:LIF) PT Raised to $40.00 at JMP Securities

Life360 (NASDAQ:LIF) had its target price increased by JMP Securities from $38.00 to $40.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a market outperform rating on the stock.

A number of other brokerages have also commented on LIF. Canaccord Genuity Group raised shares of Life360 to a strong-buy rating in a research report on Monday, June 17th. Evercore ISI upgraded Life360 to a strong-buy rating and set a $37.00 price objective for the company in a report on Monday, June 17th. Canaccord Genuity Group started coverage on shares of Life360 in a research report on Monday, June 17th. They issued a buy rating and a $40.00 price objective on the stock. Loop Capital upgraded shares of Life360 to a strong-buy rating and set a $36.00 price target on the stock in a research note on Monday, June 17th. Finally, UBS Group increased their price target on shares of Life360 from $32.00 to $35.00 and gave the company a neutral rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $38.88.

Life360 Trading Up 9.1 %

Life360 stock traded up $2.93 during mid-day trading on Friday, hitting $35.03. The stock had a trading volume of 230,243 shares, compared to its average volume of 231,339. Life360 has a 12 month low of $26.00 and a 12 month high of $36.88.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data 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. Life360 had a negative net margin of 7.59% and a negative return on equity of 9.90%. The firm had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $85.00 million. Equities research analysts forecast that Life360 will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently made changes to their positions in the stock. XY Capital Ltd acquired a new position in Life360 during the second quarter worth $205,000. Emerald Mutual Fund Advisers Trust bought a new position in Life360 in the 2nd quarter valued at about $5,488,000. Emerald Advisers LLC acquired a new position in Life360 during the 2nd quarter valued at about $6,777,000. Finally, Regal Partners Ltd bought a new stake in Life360 during the 2nd quarter worth approximately $23,635,000.

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.