Life360, Inc. (NASDAQ:LIF) Given Average Rating of “Buy” by Brokerages

Life360, Inc. (NASDAQ:LIF) has received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $39.75.

LIF has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price objective (up from $37.00) on shares of Life360 in a report on Friday, August 9th. Evercore ISI raised shares of Life360 to a “strong-buy” rating and set a $37.00 price objective on the stock in a research report on Monday, June 17th. UBS Group raised their target price on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Loop Capital boosted their price target on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Jefferies Financial Group initiated coverage on shares of Life360 in a research note on Friday, August 9th. They set a “buy” rating and a $43.00 price objective for the company.

Insider Buying and Selling at Life360

In other Life360 news, Director Charles J. Prober sold 40,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Charles J. Prober sold 40,000 shares of the business’s 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 completion of the sale, the director now owns 106,742 shares in the company, valued at $3,463,777.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Synge sold 3,471 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the transaction, the director now directly owns 67,102 shares in the company, valued at approximately $2,505,588.68. The disclosure for this sale can be found here. Insiders have sold 77,088 shares of company stock worth $2,672,781 over the last 90 days.

Institutional Investors Weigh In On Life360

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Emerald Advisers LLC bought a new stake in Life360 during the second quarter worth about $6,777,000. Regal Partners Ltd acquired a new stake in shares of Life360 during the 2nd quarter worth approximately $23,635,000. Emerald Mutual Fund Advisers Trust bought a new position in Life360 in the second quarter valued at approximately $5,488,000. XY Capital Ltd acquired a new position in Life360 during the second quarter valued at approximately $205,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Life360 during the second quarter worth $192,000.

Life360 Stock Performance

Shares of LIF opened at $38.81 on Friday. The firm has a 50 day moving average of $35.51. Life360 has a twelve month low of $26.00 and a twelve month high of $41.17.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $85.00 million. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. Analysts anticipate that Life360 will post -0.29 earnings per share 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.