Life360 (NASDAQ:LIF) Stock Keeps “Neutral” Rating at DA Davidson

Life360 (NASDAQ:LIF)‘s stock had its “neutral” rating reissued by stock analysts at DA Davidson in a note issued to investors on Tuesday, Benzinga reports. They currently have a $40.00 price target on the stock. DA Davidson’s price target would suggest a potential downside of 0.74% from the company’s previous close.

LIF has been the topic of several other reports. Morgan Stanley set a $65.20 price target on shares of Life360 in a research note on Wednesday, August 12th. Bank of America lifted their target price on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. UBS Group cut their price objective on shares of Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Citigroup cut their price objective on shares of Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.94.

Life360 Trading Up 0.0%

LIF opened at $40.30 on Tuesday. The firm’s fifty day moving average is $46.92 and its two-hundred day moving average is $46.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The firm has a market cap of $3.28 billion, a PE ratio of 23.57 and a beta of 2.27. Life360 has a twelve month low of $37.01 and a twelve month high of $112.54.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The company had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Equities research analysts anticipate that Life360 will post 0.53 EPS for the current year.

Insider Transactions at Life360

In other Life360 news, Director Alex Haro sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $40.88, for a total value of $2,044,000.00. Following the completion of the transaction, the director directly owned 1,010,303 shares in the company, valued at approximately $41,301,186.64. This represents a 4.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 250,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the sale, the director owned 382,056 shares of the company’s stock, valued at approximately $17,895,503.04. This trade represents a 39.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 394,860 shares of company stock worth $18,692,525. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LIF. Geode Capital Management LLC boosted its holdings in Life360 by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock worth $74,372,000 after purchasing an additional 85,857 shares during the last quarter. Norges Bank purchased a new position in Life360 during the fourth quarter worth about $47,097,000. Greenspring Advisors LLC purchased a new position in Life360 during the fourth quarter worth about $21,720,000. Principal Financial Group Inc. boosted its holdings in Life360 by 455.0% during 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 during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock worth $16,626,000 after purchasing an additional 308,632 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

About Life360

Life360, Inc is a technology company that develops products designed to help families and groups stay connected, coordinate activities and improve personal safety. Its flagship Life360 mobile application provides location sharing, communication tools, driving-related features, emergency assistance and other services intended for family and community use.

The company also operates Tile, a brand of Bluetooth-enabled item-finding devices and related software that helps users locate keys, luggage, electronics and other belongings.