Life360, Inc. (NASDAQ:LIF) Receives $47.63 Average Price Target from Brokerages

Life360, Inc. (NASDAQ:LIF) has been given an average rating of “Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $47.63.

LIF has been the topic of a number of recent analyst reports. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. JMP Securities lifted their target price on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group boosted their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd.

Insider Activity at Life360

In other news, COO Lauren Antonoff sold 14,091 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $42.17, for a total value of $594,217.47. Following the sale, the chief operating officer now directly owns 293,769 shares of the company’s stock, valued at approximately $12,388,238.73. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $41.41, for a total value of $128,536.64. Following the sale, the chief financial officer now directly owns 154,962 shares in the company, valued at $6,416,976.42. This trade represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,715 shares of company stock worth $1,411,935 over the last quarter.

Institutional Investors Weigh In On Life360

Several institutional investors have recently modified their holdings of LIF. New York State Common Retirement Fund bought a new position in Life360 in the fourth quarter valued at about $25,000. Summit Investment Advisors Inc. lifted its holdings in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after acquiring an additional 484 shares during the period. BNP Paribas Financial Markets bought a new position in Life360 in the third quarter valued at about $98,000. MetLife Investment Management LLC bought a new position in Life360 in the third quarter valued at about $139,000. Finally, KBC Group NV bought a new position in Life360 in the fourth quarter valued at about $147,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Price Performance

NASDAQ LIF opened at $41.64 on Tuesday. The company has a fifty day simple moving average of $44.00 and a 200 day simple moving average of $42.60. Life360 has a 12-month low of $26.00 and a 12-month high of $52.76.

Life360 (NASDAQ:LIF) last issued 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 net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. On average, equities analysts expect that Life360 will post -0.17 earnings per share for the current year.

About Life360

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.