Life360, Inc. (NASDAQ:LIF – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 452,000 shares, a growth of 28.8% from the September 30th total of 350,800 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 262,200 shares, the days-to-cover ratio is presently 1.7 days.
Life360 Stock Performance
NASDAQ LIF opened at $44.44 on Wednesday. Life360 has a 1 year low of $26.00 and a 1 year high of $46.12. The business’s 50-day moving average is $39.57.
Life360 (NASDAQ:LIF – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The business had revenue of $84.86 million for the quarter, compared to analyst estimates of $85.00 million. On average, sell-side analysts expect that Life360 will post -0.37 earnings per share for the current year.
Insider Buying and Selling at Life360
Institutional Trading of Life360
Several large investors have recently added to or reduced their stakes in LIF. Point72 DIFC Ltd purchased a new position in shares of Life360 during the second quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 during the 2nd quarter worth about $192,000. XY Capital Ltd purchased a new position in Life360 during the 2nd quarter valued at about $205,000. SG Americas Securities LLC purchased a new position in Life360 during the 3rd quarter valued at about $246,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Life360 in the 2nd quarter valued at about $405,000.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on LIF shares. Jefferies Financial Group assumed coverage on Life360 in a research report on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. UBS Group boosted their price target on shares of Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Loop Capital raised their price objective on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. JMP Securities lifted their price objective on shares of Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. Finally, 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 note on Monday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Life360 presently has an average rating of “Buy” and an average price target of $41.00.
Read Our Latest Report on Life360
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.
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