Life360 (NASDAQ:LIF) Releases Earnings Results, Beats Expectations By $0.10 EPS

Life360 (NASDAQ:LIF) issued its earnings results on Monday. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10, FiscalAI reports. The firm had revenue of $174.14 million for the quarter, compared to the consensus estimate of $171.53 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%.

Life360 Price Performance

Shares of Life360 stock traded down $2.35 during trading hours on Monday, reaching $45.02. The stock had a trading volume of 3,289,918 shares, compared to its average volume of 947,495. The stock’s 50 day moving average is $42.84 and its 200 day moving average is $46.95. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. Life360 has a twelve month low of $37.01 and a twelve month high of $95.98. The firm has a market capitalization of $3.67 billion, a PE ratio of 26.33 and a beta of 2.17.

Analysts Set New Price Targets

Several research analysts recently weighed in on LIF shares. UBS Group reduced their price target on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Morgan Stanley set a $65.20 price target on Life360 in a report on Wednesday, August 12th. Wall Street Zen upgraded Life360 from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. DA Davidson reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Life360 in a research note on Tuesday, September 29th. Finally, Citigroup dropped their price objective on shares of Life360 from $60.10 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Life360 currently has an average rating of “Moderate Buy” and a consensus target price of $59.93.

Insider Activity

In related news, Director John Coghlan sold 4,000 shares of Life360 stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $45.80, for a total value of $183,200.00. Following the completion of the transaction, the director owned 8,431 shares in the company, valued at $386,139.80. The trade was a 32.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $43.29, for a total value of $343,289.70. Following the completion of the transaction, the director owned 109,930 shares of the company’s stock, valued at approximately $4,758,869.70. This represents a 6.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 419,089 shares of company stock worth $18,880,975. 6.80% of the stock is currently owned by corporate insiders.

Life360 Company Profile

Life360 operates a family safety and location-sharing platform. Its mobile app helps families and other groups share locations, coordinate their activities and receive alerts about arrivals, departures and other events. The service also includes features such as driving insights, roadside assistance and emergency support.

The company’s offerings include the Life360 app and Tile, its line of Bluetooth tracking devices and related services for finding everyday items. Together, these products provide location and safety tools for people, pets and belongings.

Founded in 2008, Life360 serves users in markets around the world, including North America, Europe and the Asia-Pacific region.