Life360, Inc. (NASDAQ:LIF) Receives $39.75 Consensus PT from Brokerages

Life360, Inc. (NASDAQ:LIF) has received a consensus rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $39.75.

A number of research firms recently weighed in on LIF. UBS Group increased their price target on Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. 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 for the company. Stifel Nicolaus restated a “buy” rating and set a $40.00 price target (up previously from $37.00) on shares of Life360 in a report on Friday, August 9th. JMP Securities upped their price target on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group began coverage on Life360 in a report on Monday, June 17th. They issued a “buy” rating and a $40.00 target price for the company.

Insider Buying and Selling at Life360

In other news, Director James Synge sold 33,617 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the transaction, the director now owns 291,944 shares in the company, valued at approximately $10,813,605.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Trading of Life360

A number of institutional investors and hedge funds have recently made changes to their positions in LIF. Point72 DIFC Ltd bought a new position in shares of Life360 in the 2nd quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Life360 during the second quarter valued at approximately $192,000. XY Capital Ltd bought a new position in shares of Life360 in the second quarter valued at approximately $205,000. Point72 Asset Management L.P. acquired a new stake in shares of Life360 in the second quarter worth $405,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Life360 during the 2nd quarter worth $5,488,000.

Life360 Stock Down 10.0 %

LIF stock opened at $33.74 on Tuesday. Life360 has a 12 month low of $26.00 and a 12 month high of $41.17. The company’s 50 day simple moving average is $34.76.

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