Life360 (NASDAQ:LIF) Sets New 52-Week High – What’s Next?

Shares of Life360, Inc. (NASDAQ:LIF) reached a new 52-week high on Wednesday . The stock traded as high as $46.14 and last traded at $45.75, with a volume of 64376 shares traded. The stock had previously closed at $44.65.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JMP Securities boosted their price objective on Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, August 9th. Loop Capital boosted their price objective on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. UBS Group boosted their price objective on Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Jefferies Financial Group assumed coverage on Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Stifel Nicolaus upped their price target on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $41.00.

Life360 Price Performance

The company’s 50-day simple moving average is $40.03.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. As a group, analysts predict that Life360, Inc. will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director James Synge sold 3,471 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $37.34, for a total transaction of $129,607.14. Following the sale, the director now owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Life360 news, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the transaction, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Synge sold 3,471 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the transaction, the director now owns 67,102 shares in the company, valued at $2,505,588.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,088 shares of company stock valued at $2,672,781.

Hedge Funds Weigh In On Life360

Institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in shares of Life360 during the 2nd quarter valued at about $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Life360 during the 2nd quarter valued at about $192,000. SG Americas Securities LLC bought a new position in shares of Life360 during the 3rd quarter valued at about $246,000. XY Capital Ltd bought a new position in shares of Life360 during the 2nd quarter valued at about $205,000. Finally, WealthPlan Investment Management LLC increased its position in shares of Life360 by 8.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after purchasing an additional 738 shares during the last quarter.

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.