Life360 (NASDAQ:LIF) Earns “Buy” Rating from Stifel Nicolaus

Life360 (NASDAQ:LIF)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a report issued on Friday, Benzinga reports. They presently have a $40.00 price target on the stock, up from their prior price target of $37.00. Stifel Nicolaus’ target price suggests a potential upside of 14.19% from the company’s current price.

Several other research analysts also recently issued reports on the company. Jefferies Financial Group assumed coverage on Life360 in a research note on Friday. They issued a “buy” rating and a $43.00 price objective for the company. UBS Group upgraded Life360 to a “hold” rating and set a $32.00 target price on the stock in a report on Monday, June 17th. Loop Capital upgraded Life360 to a “strong-buy” rating and set a $36.00 target price on the stock in a report on Monday, June 17th. Canaccord Genuity Group upgraded Life360 to a “strong-buy” rating in a report on Monday, June 17th. Finally, Canaccord Genuity Group initiated coverage on Life360 in a report on Monday, June 17th. They issued a “buy” rating and a $40.00 target price on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $38.88.

Life360 Stock Up 9.1 %

Shares of Life360 stock traded up $2.93 on Friday, hitting $35.03. The stock had a trading volume of 230,243 shares, compared to its average volume of 231,339. Life360 has a twelve month low of $26.00 and a twelve month high of $36.88.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Life360 had a negative return on equity of 9.90% and a negative net margin of 7.59%. The company had revenue of $84.86 million during the quarter, compared to the consensus estimate of $85.00 million. On average, sell-side analysts anticipate that Life360 will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Life360

A number of institutional investors and hedge funds have recently modified their holdings of LIF. Regal Partners Ltd bought a new position in shares of Life360 during the 2nd quarter worth approximately $23,635,000. Emerald Advisers LLC bought a new position in shares of Life360 during the 2nd quarter worth approximately $6,777,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Life360 in the 2nd quarter worth $5,488,000. Finally, XY Capital Ltd bought a new position in shares of Life360 in the 2nd quarter worth $205,000.

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.