Life360, Inc. (NASDAQ:LIF) Receives Average Recommendation of “Buy” from Analysts

Life360, Inc. (NASDAQ:LIF) has earned a consensus rating of “Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $39.75.

A number of research analysts have issued reports on LIF shares. UBS Group upped their price target on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $40.00 price target (up previously from $37.00) on shares of Life360 in a research note on Friday, August 9th. Jefferies Financial Group started coverage on shares of Life360 in a research note on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. Loop Capital upped their price target on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, JMP Securities raised their target price on shares of Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a report on Friday, August 9th.

Insider Transactions at Life360

In other Life360 news, Director Charles J. Prober sold 40,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the transaction, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Life360 news, Director James Synge sold 33,617 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the transaction, the director now owns 291,944 shares in the company, valued at approximately $10,813,605.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the transaction, the director now owns 106,742 shares in the company, valued at $3,463,777.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,088 shares of company stock valued at $2,672,781 in the last ninety days.

Hedge Funds Weigh In On Life360

Several hedge funds and other institutional investors have recently made changes to their positions in LIF. Regal Partners Ltd purchased a new position in shares of Life360 in the second quarter valued at approximately $23,635,000. XY Capital Ltd purchased a new position in shares of Life360 in the second quarter valued at approximately $205,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Life360 in the second quarter valued at approximately $5,488,000. Emerald Advisers LLC purchased a new position in shares of Life360 in the second quarter valued at approximately $6,777,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Life360 in the second quarter valued at approximately $43,000.

Life360 Price Performance

Shares of LIF opened at $44.79 on Wednesday. The stock has a 50 day simple moving average of $38.71. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $46.12.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. As a group, equities analysts expect that Life360 will post -0.29 EPS for the current 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.