Life360 (NASDAQ:LIF) Shares Up 8.7% – What’s Next?

Life360, Inc. (NASDAQ:LIF) shares shot up 8.7% during mid-day trading on Monday . The stock traded as high as $45.87 and last traded at $46.1740. 129,333 shares traded hands during trading, a decline of 89% from the average session volume of 1,167,679 shares. The stock had previously closed at $42.49.

Analysts Set New Price Targets

Several brokerages have issued reports on LIF. UBS Group lowered their target price on shares of Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price target on shares of Life360 in a research report on Tuesday, May 12th. Citigroup lowered their price target on shares of Life360 from $68.50 to $68.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Finally, DA Davidson reissued a “neutral” rating and set a $40.00 price target on shares of Life360 in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.94.

Life360 Price Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The company has a market capitalization of $3.88 billion, a PE ratio of 27.42 and a beta of 2.63. The stock’s 50 day simple moving average is $41.78 and its 200-day simple moving average is $54.02.

Insider Activity

In other Life360 news, Director Chris Hulls sold 16,105 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $45.51, for a total value of $732,938.55. Following the transaction, the director directly owned 399,809 shares in the company, valued at $18,195,307.59. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Charles J. Prober sold 7,930 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $37.27, for a total transaction of $295,551.10. Following the completion of the transaction, the director owned 105,456 shares in the company, valued at $3,930,345.12. This represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 67,037 shares of company stock worth $2,859,432 in the last ninety days. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Life360

Several large investors have recently modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of Life360 by 158.4% during the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after purchasing an additional 459,463 shares during the period. Wilson Asset Management International PTY Ltd. lifted its holdings in Life360 by 108.6% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company’s stock valued at $3,207,000 after acquiring an additional 26,028 shares during the period. Vanguard Group Inc. lifted its holdings in Life360 by 18.0% in the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after acquiring an additional 1,260,236 shares during the period. Principal Financial Group Inc. purchased a new stake in Life360 during the third quarter worth about $5,762,000. Finally, American Century Companies Inc. purchased a new stake in Life360 during the third quarter worth about $44,632,000. 20.00% of the stock is owned by institutional investors and hedge funds.

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.