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

Shares of Life360, Inc. (NASDAQ:LIF) have been given an average rating of “Buy” by the eight analysts that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $47.63.

A number of equities analysts recently issued reports on LIF shares. Canaccord Genuity Group increased their price objective on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $55.00 in a research note on Friday, January 17th.

Insider Buying and Selling at Life360

In other Life360 news, Director James Synge sold 25,000 shares of Life360 stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $43.43, for a total value of $1,085,750.00. Following the transaction, the director now owns 241,944 shares in the company, valued at approximately $10,507,627.92. The trade was a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 154,962 shares in the company, valued at $6,416,976.42. This represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,143 shares of company stock valued at $6,519,549.

Hedge Funds Weigh In On Life360

A number of hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. acquired a new position in shares of Life360 in the 3rd quarter valued at $3,876,000. FMR LLC lifted its stake in Life360 by 6.1% during the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares in the last quarter. State Street Corp acquired a new position in shares of Life360 in the third quarter worth about $2,393,000. Cherrydale Wealth Management LLC purchased a new position in shares of Life360 in the fourth quarter worth approximately $340,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Life360 by 295.6% during the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock valued at $514,000 after acquiring an additional 9,754 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Performance

Life360 stock opened at $38.12 on Friday. Life360 has a one year low of $26.00 and a one year high of $52.77. The company has a 50-day simple moving average of $43.67 and a 200-day simple moving average of $42.78.

Life360 (NASDAQ:LIF) last posted its earnings results on Thursday, February 27th. The company reported $0.10 EPS 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 firm had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. On average, research analysts predict that Life360 will post -0.17 earnings per share for the current fiscal 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.