Life360 (LIF) to Release Quarterly Earnings on Thursday

Life360 (NASDAQ:LIF - Get Free Report) is projected to announce its earnings results on Thursday, February 27th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $114.39 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Life360 Stock Down 2.9 %

NASDAQ LIF traded down $1.35 during trading hours on Friday, reaching $45.51. The company's stock had a trading volume of 164,747 shares, compared to its average volume of 209,363. The firm has a fifty day simple moving average of $43.94 and a 200-day simple moving average of $42.00. Life360 has a 52 week low of $26.00 and a 52 week high of $52.76.

Insider Activity at Life360

In related news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $43.97, for a total value of $136,482.88. Following the completion of the sale, the chief financial officer now owns 158,066 shares of the company's stock, valued at approximately $6,950,162.02. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Goines sold 10,000 shares of Life360 stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.89, for a total value of $438,900.00. Following the transaction, the director now directly owns 66,272 shares of the company's stock, valued at $2,908,678.08. The trade was a 13.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,520 shares of company stock valued at $1,121,283.

Analysts Set New Price Targets

A number of research firms have weighed in on LIF. Stifel Nicolaus increased their target price on shares of Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Canaccord Genuity Group increased their target price on shares of Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and increased their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, JMP Securities raised their price objective on shares of Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a research report on Thursday, November 14th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $47.63.

About Life360

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.