Life360, Inc. (NASDAQ:LIF) Receives Average Rating of “Moderate Buy” from Analysts

Life360, Inc. (NASDAQ:LIF) has earned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $63.9444.

Several research firms have weighed in on LIF. UBS Group decreased their price target on shares of Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Citigroup reaffirmed a “buy” rating on shares of Life360 in a research note on Monday, June 8th. Evercore set a $68.00 price target on shares of Life360 in a research note on Tuesday, May 12th. Macquarie Infrastructure began coverage on shares of Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target for the company. Finally, Bank of America began coverage on shares of Life360 in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price target for the company.

Insider Activity at Life360

In other Life360 news, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction on Monday, June 15th. The shares were sold at an average price of $46.07, for a total value of $365,335.10. Following the completion of the sale, the director directly owned 109,911 shares of the company’s stock, valued at approximately $5,063,599.77. The trade was a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction on Monday, June 1st. The shares were sold at an average price of $43.99, for a total transaction of $175,960.00. Following the completion of the sale, the director directly owned 28,431 shares of the company’s stock, valued at approximately $1,250,679.69. This trade represents a 12.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 63,060 shares of company stock valued at $2,695,278. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Life360

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Life360 by 18.0% in the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after purchasing an additional 1,260,236 shares in the last quarter. Geode Capital Management LLC raised its position in Life360 by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock valued at $74,372,000 after buying an additional 85,857 shares during the last quarter. State Street Corp raised its position in Life360 by 17.3% in the 4th quarter. State Street Corp now owns 905,153 shares of the company’s stock valued at $58,057,000 after buying an additional 133,722 shares during the last quarter. Franklin Resources Inc. lifted its stake in Life360 by 86.3% during the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after acquiring an additional 352,110 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Life360 by 158.4% during the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock valued at $79,679,000 after acquiring an additional 459,463 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Stock Performance

LIF opened at $49.02 on Monday. Life360 has a 1-year low of $37.01 and a 1-year high of $112.54. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. The company has a market cap of $3.97 billion, a P/E ratio of 28.34 and a beta of 2.63. The company has a fifty day moving average price of $43.76 and a two-hundred day moving average price of $51.16.

About Life360

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.