Life360, Inc. (NASDAQ:LIF) Receives Consensus Recommendation of “Buy” from Analysts

Life360, Inc. (NASDAQ:LIF) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $41.00.

Several equities analysts have commented on LIF shares. Jefferies Financial Group initiated coverage on shares of Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. JMP Securities increased their price objective on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. Loop Capital boosted their target price on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, UBS Group lifted their price target on Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 9th.

Insider Activity at Life360

In other Life360 news, Director James Synge sold 3,471 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the sale, the director now owns 67,102 shares in the company, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James Synge sold 3,471 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the sale, the director now owns 67,102 shares in the company, valued at approximately $2,505,588.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles J. Prober sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the transaction, the director now directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,088 shares of company stock valued at $2,672,781 in the last three months.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in Life360 during the second quarter worth about $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Life360 in the 2nd quarter worth approximately $192,000. SG Americas Securities LLC acquired a new stake in Life360 in the third quarter valued at approximately $246,000. XY Capital Ltd purchased a new position in shares of Life360 in the second quarter valued at $205,000. Finally, Point72 Asset Management L.P. acquired a new stake in Life360 during the 2nd quarter valued at $405,000.

Life360 Price Performance

Life360 stock opened at $44.44 on Wednesday. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $46.12. The firm has a 50 day moving average of $39.57.

Life360 (NASDAQ:LIF) last posted its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $84.86 million for the quarter, compared to analyst estimates of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. On average, sell-side analysts expect that Life360 will post -0.37 EPS for the current year.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.