Life360 (NASDAQ:LIF) Issues Earnings Results
by Teresa Graham · The Cerbat GemLife360 (NASDAQ:LIF – Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08, Zacks reports. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Life360 updated its FY 2025 guidance to EPS.
Life360 Stock Performance
LIF stock traded up $2.37 during trading on Monday, hitting $93.30. The company had a trading volume of 624,692 shares, compared to its average volume of 719,673. The firm has a 50-day moving average price of $98.50 and a 200-day moving average price of $77.72. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. The firm has a market cap of $7.24 billion, a PE ratio of 291.57 and a beta of 3.42. Life360 has a 1-year low of $29.62 and a 1-year high of $112.54.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on LIF shares. Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Life360 in a research report on Wednesday, October 8th. Citigroup assumed coverage on Life360 in a research report on Thursday, July 31st. They issued a “buy” rating and a $90.00 target price for the company. JMP Securities raised their price target on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 12th. Finally, UBS Group boosted their price objective on Life360 from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.43.
Check Out Our Latest Research Report on LIF
Insider Buying and Selling
In other news, Director John Philip Coghlan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $85.01, for a total value of $850,100.00. Following the transaction, the director owned 67,604 shares of the company’s stock, valued at approximately $5,747,016.04. The trade was a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lauren Antonoff sold 17,764 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $90.90, for a total value of $1,614,747.60. Following the sale, the chief executive officer directly owned 338,465 shares of the company’s stock, valued at approximately $30,766,468.50. This represents a 4.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 157,729 shares of company stock worth $14,084,103.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in LIF. State of Wyoming acquired a new position in shares of Life360 during the second quarter worth about $96,000. Raymond James Financial Inc. acquired a new stake in Life360 in the second quarter valued at about $137,000. State of Tennessee Department of Treasury purchased a new stake in Life360 in the 2nd quarter valued at approximately $150,000. Strs Ohio acquired a new position in Life360 during the 1st quarter worth approximately $157,000. Finally, Vident Advisory LLC acquired a new position in Life360 during the 2nd quarter worth approximately $232,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.
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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