Life360 (NASDAQ:LIF) Shares Up 8.2% - Time to Buy?

Life360, Inc. (NASDAQ:LIF - Get Free Report)'s share price rose 8.2% on Friday . The stock traded as high as $43.44 and last traded at $43.92. Approximately 22,521 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 220,218 shares. The stock had previously closed at $40.58.

Analysts Set New Price Targets

LIF has been the topic of several research analyst reports. JMP Securities upped their price target on shares of Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. Canaccord Genuity Group upped their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Finally, UBS Group raised 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 note on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $47.63.

Life360 Stock Performance

The firm's 50-day simple moving average is $43.99 and its 200-day simple moving average is $42.63.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $114.39 million. As a group, equities research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

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Insider Transactions at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $41.41, for a total value of $128,536.64. Following the completion of the sale, the chief financial officer now directly owns 154,962 shares in the company, valued at $6,416,976.42. This trade represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Lauren Antonoff sold 14,091 shares of Life360 stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $42.17, for a total value of $594,217.47. Following the sale, the chief operating officer now directly owns 293,769 shares in the company, valued at approximately $12,388,238.73. The trade was a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,715 shares of company stock worth $1,411,935.

Institutional Trading of Life360

Several large investors have recently bought and sold shares of the company. Wealthstream Advisors Inc. purchased a new position in shares of Life360 during the third quarter valued at approximately $35,538,000. Franklin Resources Inc. raised its holdings in Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after acquiring an additional 432,292 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Life360 in the 3rd quarter worth approximately $7,995,000. Marshall Wace LLP raised its stake in Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock valued at $16,975,000 after buying an additional 190,422 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in Life360 by 1,233.3% during the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock valued at $8,286,000 after buying an additional 185,722 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

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.