Life360 (LIF) shares dropped 24% in recent Tuesday trading after it reported Q3 results overnight and announced its planned acquisition of advertising technology company Nativo for $120 million in cash and stock, while UBS cut its price target on the company's stock.

Life360 reported Q3 earnings late Monday of $0.11 per diluted share, up from $0.09 a year earlier. Four analysts polled by FactSet expected $0.01.

Revenue for the quarter ended Sept. 30 was $124.5 million, up from $92.9 million a year earlier. Analysts surveyed by FactSet expected $119.8 million.

The company now expects 2025 revenue of $474 million to $485 million, up from the previous guidance of $462 million to $482 million. Analysts polled by FactSet expect $480.2 million.

Life360's acquisition of Nativo is expected to close in January, the company said.

Meanwhile, UBS cut its price target on Life360 to $110 from $120 while maintaining a buy rating.

Price: 70.87, Change: -22.43, Percent Change: -24.04