Analysts Set Life360, Inc. (NASDAQ:LIF) Price Target at $47.63

Life360, Inc. (NASDAQ:LIF) has earned a consensus rating of “Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $47.63.

LIF has been the subject of several research reports. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and increased their price target for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Canaccord Genuity Group increased their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd.

Life360 Stock Performance

Shares of NASDAQ LIF opened at $40.25 on Friday. The stock’s 50 day moving average price is $43.66 and its 200-day moving average price is $42.87. Life360 has a twelve month low of $26.00 and a twelve month high of $52.77.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The business had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. As a group, research analysts anticipate that Life360 will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Susan L. Stick sold 2,822 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the sale, the general counsel now owns 86,752 shares of the company’s stock, valued at approximately $3,650,524.16. This represents a 3.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles J. Prober sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total value of $2,076,000.00. Following the completion of the transaction, the director now owns 102,742 shares of the company’s stock, valued at approximately $4,265,847.84. This represents a 32.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,039 shares of company stock valued at $6,391,012.

Institutional Trading of Life360

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC grew its position in shares of Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after purchasing an additional 86,917 shares in the last quarter. Millennium Management LLC boosted its stake in Life360 by 9.2% during the fourth quarter. Millennium Management LLC now owns 1,114,922 shares of the company’s stock valued at $46,013,000 after buying an additional 94,077 shares during the period. Franklin Resources Inc. grew its position in Life360 by 402.9% during the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock worth $22,269,000 after buying an additional 432,292 shares in the last quarter. Marshall Wace LLP increased its stake in Life360 by 86.2% in the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock worth $16,975,000 after acquiring an additional 190,422 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Life360 by 49.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 303,393 shares of the company’s stock valued at $12,521,000 after acquiring an additional 100,217 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

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.