Life360 Inc (ASX: 360) was founded in San Francisco and is dual-listed on both the Australian Securities Exchange (ASX) and the Nasdaq.
The company offers a family safety platform that enables groups—such as families and close friends—to stay connected by sharing real-time location information.
Life360 operates on a freemium model, providing essential features at no cost. Users can upgrade to premium tiers for access to enhanced services.
These premium features include location sharing and coordination, driving safety insights, digital safety tools, and emergency assistance.
It has been one of the best-performing companies on the ASX, hitting record high after record high.
In the last year, its share price has risen 103%.
What's impacted the rise?
The Life360 share price has continued to rise on the back of positive investor sentiment and proven results.
In the March quarter, Life360 delivered 32% year-over-year revenue growth to US$103.6 million, alongside positive operating cash flow (~US$12.1 million) and EBITDA of US$15.9 million, significantly better than market expectations.
It is also seeing rapid growth in its user base.
The company's full-year 2024 results revealed that monthly active users (MAUs) reached approximately 79.6 million, up 30% year over year. International MAU growth led the way, climbing 46% over the same period.
In summary, both revenue and subscriptions are growing rapidly.
Amazingly, the share price has now risen 1,590% over the last 5 years.
There would be few investors who bought in at that time and are still holding.
However, even if you bought $10,000 of shares a year ago, you'd be sitting pretty.
Your investment would now be valued at approximately $20,314.
Can Life360 keep rising?
At market close on Friday, Life360 shares are trading at $31.94 each.
For investors looking to buy now, it can be difficult to evaluate such a rapidly growing business.
Broadly speaking, it seems experts are advising investors to hold.
The Motley Fool's Bernd Struben reported earlier this month that future investors should wait for the dip, according to one broker.
Elsewhere, Bell Potter also has a hold recommendation and a $31.25 price target, indicating that the company is trading close to fair value.
Trading View has a one-year price target of $31.83, and online brokerage platform Selfwealth has an average price target of $32.54.
