Life360, Inc. (NASDAQ:LIF) Short Interest Update

Life360, Inc. (NASDAQ:LIF) was the target of a significant decline in short interest in August. As of August 15th, there was short interest totalling 121,000 shares, a decline of 22.1% from the July 31st total of 155,400 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 262,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Life360

Large investors have recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of Life360 in the second quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Life360 during the 2nd quarter valued at $192,000. XY Capital Ltd purchased a new position in Life360 during the 2nd quarter worth $205,000. Point72 Asset Management L.P. bought a new stake in shares of Life360 in the 2nd quarter worth $405,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Life360 in the 2nd quarter worth $5,488,000.

Life360 Stock Up 0.1 %

LIF stock traded up $0.04 during midday trading on Friday, hitting $39.43. The stock had a trading volume of 225,242 shares, compared to its average volume of 274,505. The company’s fifty day moving average price is $34.12. Life360 has a 1-year low of $26.00 and a 1-year high of $41.17.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results 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 firm 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%. Research analysts expect that Life360 will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LIF. Canaccord Genuity Group raised shares of Life360 to a “strong-buy” rating in a research note on Monday, June 17th. Canaccord Genuity Group began coverage on Life360 in a research note on Monday, June 17th. They issued a “buy” rating and a $40.00 price objective on the stock. Loop Capital boosted their target price on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI upgraded shares of Life360 to a “strong-buy” rating and set a $37.00 price target on the stock in a research note on Monday, June 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price target (up from $37.00) on shares of Life360 in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Life360 presently has a consensus rating of “Buy” and an average price target of $39.75.

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.