Analysts Set Life360, Inc. (NASDAQ:LIF) Target Price at $90.31

Life360, Inc. (NASDAQ:LIF) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $90.3125.

A number of research firms have commented on LIF. Citizens Jmp lowered Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. Citigroup reiterated a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. UBS Group dropped their price target on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Finally, DA Davidson initiated coverage on shares of Life360 in a report on Thursday, December 11th. They set a “buy” rating and a $94.00 price objective for the company.

Insider Transactions at Life360

In other Life360 news, Director Alex Haro sold 100,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $76.45, for a total transaction of $7,645,000.00. Following the completion of the sale, the director directly owned 861,315 shares in the company, valued at $65,847,531.75. The trade was a 10.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chris Hulls sold 311,749 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $77.10, for a total transaction of $24,035,847.90. Following the completion of the transaction, the director owned 469,749 shares in the company, valued at $36,217,647.90. This trade represents a 39.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 597,421 shares of company stock worth $45,832,768. Company insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its position in shares of Life360 by 136.6% during the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after buying an additional 519 shares in the last quarter. Federation des caisses Desjardins du Quebec purchased a new position in Life360 during the fourth quarter valued at approximately $387,000. Orion Porfolio Solutions LLC lifted its holdings in Life360 by 19.2% during the fourth quarter. Orion Porfolio Solutions LLC now owns 11,760 shares of the company’s stock valued at $754,000 after purchasing an additional 1,895 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Life360 by 17.4% in the fourth quarter. MetLife Investment Management LLC now owns 11,438 shares of the company’s stock worth $734,000 after purchasing an additional 1,694 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Life360 by 188.0% in the fourth quarter. Renaissance Technologies LLC now owns 227,800 shares of the company’s stock worth $14,611,000 after purchasing an additional 148,700 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Stock Down 4.5%

Shares of Life360 stock opened at $50.34 on Tuesday. The company has a 50-day simple moving average of $62.35 and a two-hundred day simple moving average of $80.11. Life360 has a 52-week low of $29.62 and a 52-week high of $112.54. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The stock has a market capitalization of $3.95 billion, a PE ratio of 148.06 and a beta of 3.79.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.08. The company had revenue of $124.50 million during the quarter, compared to the consensus estimate of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. On average, analysts anticipate that Life360 will post -0.17 EPS for the current fiscal year.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.