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

DA Davidson reaffirmed their neutral rating on shares of Life360 (NASDAQ:LIF) in a research report released on Tuesday,Benzinga reports. They currently have a $40.00 price target on the stock.

LIF has been the topic of a number of other reports. UBS Group reduced their price objective on shares of Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Bank of America upped their target price on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Morgan Stanley set a $65.20 price target on Life360 in a report on Wednesday, August 12th. Weiss Ratings raised Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Wall Street Zen raised Life360 from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.94.

Life360 Trading Up 0.0%

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

Life360 (NASDAQ:LIF) last released its earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The firm had revenue of $158.96 million during the quarter, compared to the consensus estimate of $156.68 million. As a group, analysts anticipate that Life360 will post 0.53 earnings per share for the current year.

Insider Activity at Life360

In other Life360 news, Director Brit Morin sold 10,701 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $642,060.00. Following the transaction, the director owned 20,157 shares of the company’s stock, valued at approximately $1,209,420. This trade represents a 34.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alex Haro sold 50,000 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $40.88, for a total transaction of $2,044,000.00. Following the completion of the sale, the director owned 1,010,303 shares of the company’s stock, valued at approximately $41,301,186.64. This represents a 4.72% 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. Insiders sold 394,860 shares of company stock worth $18,692,525 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Life360

A number of large investors have recently bought and sold shares of LIF. Eventide Asset Management LLC boosted its stake in Life360 by 6.1% in the fourth quarter. Eventide Asset Management LLC now owns 8,319 shares of the company’s stock valued at $539,000 after acquiring an additional 478 shares in the last quarter. MCF Advisors LLC acquired a new position in shares of Life360 during the fourth quarter worth $32,000. GAMMA Investing LLC increased its position in shares of Life360 by 44.0% during the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after purchasing an additional 569 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Life360 by 2.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 25,300 shares of the company’s stock valued at $1,401,000 after purchasing an additional 600 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Life360 by 1.3% during the 4th quarter. Legal & General Group Plc now owns 70,709 shares of the company’s stock valued at $4,535,000 after purchasing an additional 875 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

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.