Life360 (NASDAQ:LIF) Stock Rating Upgraded by Wall Street Zen

Life360 (NASDAQ:LIF) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently issued reports on LIF. Citigroup dropped their target price 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. Weiss Ratings raised Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Bank of America upped their price target on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. UBS Group dropped their price objective on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Finally, DA Davidson reduced their price objective on Life360 from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Life360 currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.94.

Life360 Price Performance

Shares of NASDAQ LIF opened at $39.62 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. Life360 has a one year low of $37.01 and a one year high of $112.54. The firm has a market capitalization of $3.23 billion, a P/E ratio of 23.17 and a beta of 2.24. The company’s fifty day moving average is $49.20 and its two-hundred day moving average is $46.38.

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

Insider Activity at Life360

In other Life360 news, Director James Synge sold 27,466 shares of Life360 stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the completion of the transaction, the director owned 191,694 shares in the company, valued at approximately $8,493,961.14. The trade was a 12.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Coghlan sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the sale, the director directly owned 16,431 shares in the company, valued at $689,609.07. This trade represents a 19.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 353,515 shares of company stock valued at $17,128,830 in the last quarter. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Life360

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position 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 buying an additional 85,857 shares in the last quarter. Norges Bank purchased a new stake in shares of Life360 in the fourth quarter valued at $47,097,000. Principal Financial Group Inc. boosted its stake in shares of Life360 by 455.0% during the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after acquiring an additional 379,941 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock valued at $16,626,000 after acquiring an additional 308,632 shares during the last quarter. Finally, Greenspring Advisors LLC purchased a new stake in Life360 during the 4th quarter worth about $21,720,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

About Life360

Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.

The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.