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

Life360, Inc. (NASDAQ:LIF) has earned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $39.75.

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

Insider Buying and Selling at Life360

In other Life360 news, 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 transaction of $129,607.14. Following the transaction, the director now owns 67,102 shares in the company, valued at approximately $2,505,588.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director James Synge sold 3,471 shares of the stock in a transaction 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 sale, the director now owns 67,102 shares in the company, valued at $2,505,588.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles J. Prober sold 40,000 shares of the 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 in the company, valued at $3,463,777.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,088 shares of company stock worth $2,672,781.

Institutional Trading of Life360

Hedge funds and other institutional investors have recently made changes to their positions in the business. Emerald Advisers LLC acquired a new stake in shares of Life360 in the second quarter worth $6,777,000. Regal Partners Ltd purchased a new stake in Life360 during the second quarter worth $23,635,000. Ghisallo Capital Management LLC purchased a new stake in Life360 during the second quarter worth $8,098,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Life360 during the second quarter worth $5,488,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Life360 during the second quarter worth $192,000.

Life360 Price Performance

Shares of LIF opened at $40.02 on Friday. The stock has a 50 day simple moving average of $36.14. Life360 has a fifty-two week low of $26.00 and a fifty-two week high of $41.45.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The firm had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $85.00 million. As a group, equities analysts expect that Life360 will post -0.29 EPS 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.