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

Life360, Inc. (NASDAQ:LIF) has been assigned a consensus rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $47.63.

LIF has been the topic of a number of research analyst reports. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Canaccord Genuity Group raised their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd.

Insider Activity

In other news, General Counsel Susan L. Stick sold 2,822 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now directly owns 86,752 shares of the company’s stock, valued at $3,650,524.16. This represents a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles J. Prober sold 50,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total value of $2,076,000.00. Following the completion of the transaction, the director now owns 102,742 shares in the company, valued at approximately $4,265,847.84. This represents a 32.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,039 shares of company stock worth $6,391,012 in the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LIF. New York State Common Retirement Fund acquired a new position in shares of Life360 during the fourth quarter valued at about $25,000. Summit Investment Advisors Inc. grew its holdings in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after buying an additional 484 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Life360 in the 3rd quarter valued at $98,000. MetLife Investment Management LLC bought a new position in Life360 during the 3rd quarter valued at $139,000. Finally, KBC Group NV purchased a new position in Life360 during the 4th quarter worth $147,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Trading Up 5.6 %

NASDAQ LIF opened at $40.25 on Friday. The firm’s 50 day simple moving average is $43.66 and its 200 day simple moving average is $42.87. Life360 has a 1 year low of $26.00 and a 1 year high of $52.77.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Analysts anticipate that Life360 will post -0.17 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.