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

Life360, Inc. (NASDAQ:LIF) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $63.9444.

Several analysts have recently weighed in on the stock. Evercore set a $68.00 price objective on shares of Life360 in a report on Tuesday, May 12th. UBS Group dropped their price objective on shares of Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Macquarie Infrastructure assumed coverage on shares of Life360 in a report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price objective for the company. Stifel Nicolaus dropped their price objective on shares of Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 27th. Finally, Weiss Ratings lowered shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th.

Insider Activity at Life360

In related news, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $37.27, for a total value of $295,551.10. Following the completion of the sale, the director owned 105,456 shares of the company’s stock, valued at $3,930,345.12. This trade represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lauren Antonoff sold 2,716 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $45.23, for a total transaction of $122,844.68. Following the completion of the sale, the chief executive officer directly owned 309,781 shares of the company’s stock, valued at approximately $14,011,394.63. This represents a 0.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 67,037 shares of company stock worth $2,859,432. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Life360

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strive Financial Group LLC acquired a new stake in shares of Life360 in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. increased its holdings in shares of Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after purchasing an additional 239 shares in the last quarter. MCF Advisors LLC acquired a new stake in shares of Life360 in the fourth quarter valued at approximately $32,000. NewEdge Advisors LLC acquired a new stake in shares of Life360 in the third quarter valued at approximately $32,000. Finally, CWM LLC increased its holdings in shares of Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Stock Performance

NASDAQ LIF opened at $40.22 on Thursday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 23.25 and a beta of 2.81. The company has a 50 day moving average of $41.74 and a 200-day moving average of $55.46. The company has a current ratio of 5.37, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. Life360 has a 1-year low of $37.01 and a 1-year high of $112.54.

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.