Life360 (NASDAQ:LIF – Get Free Report) had its target price raised by investment analysts at UBS Group from $32.00 to $35.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential downside of 2.23% from the company’s current price.
Other equities research analysts have also issued reports about the company. Canaccord Genuity Group began coverage on Life360 in a research note on Monday, June 17th. They set a “buy” rating and a $40.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 target price (up previously from $37.00) on shares of Life360 in a research note on Friday. Loop Capital raised Life360 to a “strong-buy” rating and set a $36.00 price objective for the company in a research report on Monday, June 17th. JMP Securities began coverage on Life360 in a report on Thursday, June 20th. They set an “outperform” rating and a $38.00 price target for the company. Finally, Jefferies Financial Group started coverage on shares of Life360 in a research report on Friday. They set a “buy” rating and a $43.00 price objective on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Life360 has a consensus rating of “Buy” and a consensus price target of $38.63.
Check Out Our Latest Report on Life360
Life360 Stock Up 11.5 %
Life360 (NASDAQ:LIF – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $84.86 million during the quarter, compared to the consensus estimate of $85.00 million. Life360 had a negative return on equity of 9.90% and a negative net margin of 7.59%. As a group, sell-side analysts anticipate that Life360 will post -0.34 earnings per share for the current fiscal year.
Institutional Trading of Life360
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Advisers LLC bought a new stake in shares of Life360 during the second quarter valued at approximately $6,777,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Life360 during the second quarter worth $5,488,000. XY Capital Ltd bought a new stake in Life360 in the 2nd quarter valued at $205,000. Finally, Regal Partners Ltd acquired a new position in shares of Life360 in the 2nd quarter valued at $23,635,000.
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.
Featured Articles
- Five stocks we like better than Life360
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Buy the Dip in e.l.f. Beauty: Analysts Point to a New High
- Options Trading – Understanding Strike Price
- Is Dell’s Stock Plunge a Once-in-a-Lifetime Buying Opportunity?
- Dividend Payout Ratio Calculator
- Why Analysts Still Predict Double-Digit Upside for Mosaic Stock
Receive News & Ratings for Life360 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life360 and related companies with MarketBeat.com's FREE daily email newsletter.