Life360, Inc. (NASDAQ:LIF) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Life360, Inc. (NASDAQ:LIF - Get Free Report) have earned a consensus rating of "Buy" from the eight analysts that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $47.63.

Separately, UBS Group upgraded Life360 from a "neutral" rating to a "buy" rating and increased their price target for the company from $52.00 to $55.00 in a research note on Friday, January 17th.

Life360 Price Performance

Shares of LIF traded up $1.09 during mid-day trading on Wednesday, hitting $37.39. 399,955 shares of the company's stock were exchanged, compared to its average volume of 380,171. The company has a 50-day simple moving average of $40.15 and a 200 day simple moving average of $42.79. Life360 has a 52 week low of $26.00 and a 52 week high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The firm had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, equities research analysts forecast that Life360 will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $34.39, for a total transaction of $106,746.56. Following the transaction, the chief financial officer now owns 208,395 shares in the company, valued at approximately $7,166,704.05. This represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Susan L. Stick sold 2,822 shares of Life360 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 completion of the sale, the general counsel now 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,314 shares of company stock worth $7,029,291.

Institutional Investors Weigh In On Life360

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. bought a new position in shares of Life360 in the 3rd quarter worth approximately $547,000. BNP Paribas Financial Markets purchased a new stake in Life360 during the 3rd quarter valued at approximately $98,000. State Street Corp purchased a new position in Life360 during the third quarter valued at $2,393,000. Jane Street Group LLC increased its holdings in shares of Life360 by 35.2% in the third quarter. Jane Street Group LLC now owns 123,507 shares of the company's stock worth $4,860,000 after purchasing an additional 32,182 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Life360 in the 3rd quarter worth approximately $280,000. 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.