Life360, Inc. (NASDAQ:LIF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Life360, Inc. (NASDAQ:LIF) have been given a consensus rating of “Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $47.63.

LIF has been the subject of several research analyst reports. Canaccord Genuity Group raised their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. JMP Securities raised their price target on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Finally, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and raised their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th.

Insiders Place Their Bets

In other news, COO Lauren Antonoff sold 14,091 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $42.17, for a total value of $594,217.47. Following the transaction, the chief operating officer now owns 293,769 shares in the company, valued at $12,388,238.73. This trade represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total value of $136,482.88. Following the transaction, the chief financial officer now owns 158,066 shares in the company, valued at approximately $6,950,162.02. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,715 shares of company stock worth $1,411,935.

Institutional Trading of Life360

Large investors have recently added to or reduced their stakes in the stock. JT Stratford LLC purchased a new position in shares of Life360 during the 4th quarter worth $231,000. Monograph Wealth Advisors LLC grew its holdings in shares of Life360 by 56.1% during the 4th quarter. Monograph Wealth Advisors LLC now owns 101,234 shares of the company’s stock worth $4,178,000 after purchasing an additional 36,400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Life360 during the 4th quarter worth $5,090,000. Voloridge Investment Management LLC purchased a new position in shares of Life360 during the 4th quarter worth $1,902,000. Finally, Squarepoint Ops LLC lifted its stake in Life360 by 303.8% during the 4th quarter. Squarepoint Ops LLC now owns 36,388 shares of the company’s stock worth $1,502,000 after acquiring an additional 27,376 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Stock Down 7.9 %

NASDAQ LIF opened at $41.64 on Tuesday. The stock’s 50-day moving average price is $44.00 and its 200-day moving average price is $42.60. Life360 has a 52 week low of $26.00 and a 52 week high of $52.76.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, research analysts anticipate that Life360 will post -0.17 EPS for the current fiscal 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.