Life360 (NASDAQ:LIF) Trading Up 8.3% – Should You Buy?

Life360, Inc. (NASDAQ:LIF)’s share price shot up 8.3% during trading on Friday . The stock traded as high as $52.66 and last traded at $52.9950. 202,870 shares traded hands during trading, a decline of 82% from the average daily volume of 1,105,326 shares. The stock had previously closed at $48.94.

Analysts Set New Price Targets

Several research analysts have issued reports on LIF shares. Wall Street Zen cut shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Bank of America started coverage on shares of Life360 in a research note on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price objective on the stock. Evercore set a $68.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. Finally, UBS Group lowered their target price on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Life360 has a consensus rating of “Moderate Buy” and an average target price of $64.17.

Life360 Stock Performance

The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 30.51 and a beta of 2.62. The business has a 50-day moving average price of $44.44 and a 200-day moving average price of $50.38.

Insiders Place Their Bets

In other news, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $46.07, for a total transaction of $365,335.10. Following the transaction, the director owned 109,911 shares in the company, valued at $5,063,599.77. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 the stock in a transaction that occurred 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 transaction, the director directly owned 28,431 shares of the company’s stock, valued at $1,250,679.69. The trade was 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 have sold 79,102 shares of company stock valued at $3,450,375. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LIF. NewEdge Advisors LLC acquired a new stake in shares of Life360 during the third quarter worth $32,000. Strive Financial Group LLC acquired a new position in shares of Life360 in the 4th quarter valued at $26,000. IFP Advisors Inc purchased a new position in Life360 in the 3rd quarter worth $47,000. MCF Advisors LLC acquired a new stake in Life360 during the 4th quarter worth about $32,000. Finally, Advisory Services Network LLC acquired a new stake in Life360 during the 3rd quarter worth about $80,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.