Life360, a technology company based in San Mateo, California, is known for its popular family networking app that provides location sharing, driving details, and safety alerts. Currently valued at $2.99 billion, the company maintains a strong financial health score according to InvestingPro analysis, with a healthy current ratio of 2.76 and more cash than debt on its balance sheet. Currently valued at $2.99 billion, the company maintains a strong financial health score according to InvestingPro analysis, with a healthy current ratio of 2.76 and more cash than debt on its balance sheet.
Life360, a technology company based in San Mateo, California, is known for its popular family networking app that provides location sharing, driving details, and safety alerts. Currently valued at $2.99 billion, the company maintains a strong financial health score according to InvestingPro analysis, with a healthy current ratio of 2.76 and more cash than debt on its balance sheet.
Life360, a technology company based in San Mateo, California, is known for its popular family networking app that provides location sharing, driving details, and safety alerts.
In other recent news, Life360 reported mixed third-quarter results, with consolidated revenue and profitability not meeting expectations. Despite this, the company's Subscription segment showed robust growth, setting new quarterly records for monthly active users, Paying Circles, and revenue. Canaccord Genuity maintained a positive outlook on Life360, raising the price target from $54.00 to $58.00 while keeping a Buy rating on the shares. Additionally, Evercore ISI adjusted its price target for the company from $39 to $55, maintaining an Outperform rating. These changes were prompted by Life360's announcement of a 31% year-over-year increase in monthly active users and a significant 35% year-on-year reduction in costs related to paid acquisitions and television marketing expenses. Loop Capital Markets also increased its price target for Life360 from $36 to $43, upholding a Buy rating. Other analyst firms such as Stifel, and JMP Securities initiated coverage on Life360 with positive ratings. These recent developments underscore the company's growth potential and strong customer base. Life360 has also issued a media release on current operations, as disclosed in a recent 8-K filing with the Securities and Exchange Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.