Life360, Inc. (NASDAQ:LIF – Get Free Report) 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.
Get Our Latest Stock Analysis on Life360
Insider Buying and Selling at Life360
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 – Get Free Report) 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.
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