Wall Street Zen Upgrades Life360 (NASDAQ:LIF) to “Buy”

Life360 (NASDAQ:LIF) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also commented on LIF. DA Davidson initiated coverage on shares of Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research note on Monday, December 29th. Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Stifel Nicolaus lowered their price target on Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 27th. Finally, UBS Group cut their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Life360 Price Performance

LIF stock opened at $52.65 on Friday. The firm has a 50 day moving average of $58.39 and a 200-day moving average of $78.03. The firm has a market capitalization of $4.13 billion, a P/E ratio of 154.85 and a beta of 3.84. Life360 has a 12 month low of $29.62 and a 12 month high of $112.54. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79.

Insiders Place Their Bets

In other news, Director John Philip Coghlan sold 3,125 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $77.22, for a total value of $241,312.50. Following the completion of the sale, the director owned 12,110 shares of the company’s stock, valued at approximately $935,134.20. This represents a 20.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chris Hulls sold 1,846 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total transaction of $118,070.16. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,126 shares of company stock valued at $4,361,969 over the last 90 days.

Institutional Trading of Life360

Institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its holdings in shares of Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after purchasing an additional 459,463 shares during the period. Castleark Management LLC purchased a new position in Life360 during the 2nd quarter valued at about $5,518,000. Permanent Capital Management LP bought a new position in Life360 during the 3rd quarter valued at approximately $2,290,000. Federated Hermes Inc. lifted its holdings in Life360 by 661.6% in the 2nd quarter. Federated Hermes Inc. now owns 371,461 shares of the company’s stock worth $24,238,000 after buying an additional 322,688 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of Life360 by 8,595.9% in the 2nd quarter. Osaic Holdings Inc. now owns 44,784 shares of the company’s stock worth $2,922,000 after buying an additional 44,269 shares during the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

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.