Life360’s (LIF) “Neutral” Rating Reiterated at DA Davidson

DA Davidson restated their neutral rating on shares of Life360 (NASDAQ:LIF) in a research note published on Wednesday morning,Benzinga reports. They currently have a $40.00 target price on the stock.

Several other equities analysts have also recently weighed in on LIF. Stifel Nicolaus lowered their price objective on shares of Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Friday, March 27th. Evercore set a $68.00 price objective on shares of Life360 in a research report on Tuesday. Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Life360 has a consensus rating of “Moderate Buy” and a consensus target price of $63.94.

Life360 Trading Down 3.8%

NASDAQ LIF opened at $38.53 on Wednesday. Life360 has a twelve month low of $37.01 and a twelve month high of $112.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 6.16 and a current ratio of 5.37. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 22.27 and a beta of 2.81. The firm’s 50 day moving average price is $42.38 and its two-hundred day moving average price is $58.18.

Insider Activity at Life360

In other news, Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $41.32, for a total transaction of $165,280.00. Following the transaction, the director directly owned 36,431 shares in the company, valued at $1,505,328.92. The trade was a 9.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $37.27, for a total transaction of $295,551.10. Following the transaction, the director owned 105,456 shares in the company, valued at approximately $3,930,345.12. This represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 67,037 shares of company stock valued at $2,859,432. Insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Life360

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Life360 by 18.0% in the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after purchasing an additional 1,260,236 shares in the last quarter. Norges Bank bought a new stake in Life360 in the fourth quarter worth $47,097,000. Citigroup Inc. boosted its holdings in Life360 by 158.4% in 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 in the last quarter. American Century Companies Inc. bought a new stake in Life360 in the third quarter worth $44,632,000. Finally, Principal Financial Group Inc. boosted its holdings in Life360 by 455.0% in the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock worth $18,918,000 after purchasing an additional 379,941 shares in 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.