Life360 (NASDAQ:LIF) Price Target Raised to $92.00 at Stifel Nicolaus

Life360 (NASDAQ:LIF) had its price target hoisted by Stifel Nicolaus from $87.00 to $92.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also issued reports on LIF. UBS Group upped their target price on Life360 from $57.00 to $71.00 and gave the company a “buy” rating in a report on Monday, June 16th. Loop Capital upped their target price on Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Citigroup initiated coverage on Life360 in a research note on Thursday, July 31st. They issued a “buy” rating and a $90.00 price objective on the stock. Finally, JMP Securities upped their price objective on Life360 from $55.00 to $62.00 and gave the company a “market outperform” rating in a research note on Monday, June 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.43.

Life360 Stock Up 13.3%

LIF stock opened at $83.55 on Tuesday. The firm has a market cap of $6.39 billion, a PE ratio of 261.10 and a beta of 3.46. The business has a 50 day moving average of $68.40 and a 200-day moving average of $53.00. Life360 has a 12-month low of $29.62 and a 12-month high of $84.02.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. The company had revenue of $115.38 million during the quarter, compared to analyst estimates of $109.33 million. Life360 had a return on equity of 7.70% and a net margin of 6.45%. On average, research analysts expect that Life360 will post -0.17 earnings per share for the current year.

Insider Transactions at Life360

In other Life360 news, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $61.03, for a total transaction of $190,718.75. Following the sale, the director owned 29,778 shares in the company, valued at $1,817,351.34. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brit Morin sold 47,584 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $61.14, for a total value of $2,909,285.76. Following the sale, the director owned 26,442 shares in the company, valued at approximately $1,616,663.88. This represents a 64.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 112,793 shares of company stock worth $7,156,984 in the last ninety days.

Institutional Investors Weigh In On Life360

Several institutional investors have recently made changes to their positions in LIF. Summit Investment Advisors Inc. lifted its position in shares of 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 acquiring an additional 484 shares in the last quarter. Keystone Financial Group Inc. purchased a new stake in shares of Life360 during the second quarter worth $62,000. GAMMA Investing LLC lifted its position in shares of Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after acquiring an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after acquiring an additional 1,978 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Life360 by 53.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company’s stock worth $107,000 after acquiring an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.