Life360 (NASDAQ:LIF) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Life360 (NASDAQ:LIF) released its earnings results on Monday. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02), FiscalAI reports. The firm had revenue of $158.96 million for the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a net margin of 28.21% and a return on equity of 6.80%.

Life360 Price Performance

Shares of LIF traded up $1.42 during midday trading on Monday, hitting $64.61. 1,186,703 shares of the company traded hands, compared to its average volume of 1,022,343. The firm has a 50 day moving average of $52.43 and a 200-day moving average of $48.37. Life360 has a 52 week low of $37.01 and a 52 week high of $112.54. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 37.35 and a beta of 2.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37.

Insider Transactions at Life360

In other Life360 news, Director Brit Morin sold 10,701 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $642,060.00. Following the completion of the transaction, the director owned 20,157 shares in the company, valued at $1,209,420. This trade represents a 34.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 27,000 shares of Life360 stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $63.34, for a total value of $1,710,180.00. Following the completion of the sale, the director directly owned 419,554 shares in the company, valued at approximately $26,574,550.36. The trade was a 6.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 94,707 shares of company stock valued at $5,008,946. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LIF. NewEdge Advisors LLC purchased a new stake in Life360 during the third quarter valued at $32,000. Strive Financial Group LLC purchased a new position in shares of Life360 in the 4th quarter worth $26,000. IFP Advisors Inc purchased a new position in shares of Life360 in the 3rd quarter worth $47,000. Advisory Services Network LLC bought a new stake in shares of Life360 in the 3rd quarter worth about $80,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Life360 by 136.6% in the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock worth $58,000 after buying an additional 519 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on LIF. DA Davidson raised their price target on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Bank of America upped their price objective on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. UBS Group decreased their target price on Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Macquarie Infrastructure initiated coverage on Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target on the stock. Finally, Morgan Stanley assumed coverage on Life360 in a research note on Tuesday, July 21st. They issued an “overweight” rating and a $66.24 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Life360 currently has an average rating of “Moderate Buy” and an average target price of $64.81.

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.