Life360 (NASDAQ:LIF) Director Sells 7,930 Shares

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $42.12, for a total value of $334,011.60. Following the completion of the sale, the director owned 109,930 shares of the company’s stock, valued at approximately $4,630,251.60. This represents a 6.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Performance

Shares of LIF stock traded down $1.47 during trading hours on Wednesday, hitting $40.71. The stock had a trading volume of 676,899 shares, compared to its average volume of 564,716. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. The firm has a market capitalization of $3.32 billion, a PE ratio of 120.51 and a beta of 2.24. The stock’s 50 day moving average is $50.05 and its 200 day moving average is $46.64. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54.

Life360 (NASDAQ:LIF) last announced its earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. As a group, research analysts forecast that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Life360

A number of institutional investors have recently added to or reduced their stakes in LIF. California State Teachers Retirement System increased its holdings in Life360 by 23.5% during the 1st quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock valued at $3,536,000 after acquiring an additional 16,461 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Life360 in the second quarter valued at about $15,547,000. Greenspring Advisors LLC acquired a new stake in shares of Life360 in the fourth quarter valued at approximately $21,720,000. XY Capital Ltd acquired a new stake in shares of Life360 in the fourth quarter valued at approximately $6,063,000. Finally, Milford Funds Ltd. purchased a new position in shares of Life360 during the 4th quarter worth approximately $9,604,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Citigroup decreased their target price on shares of Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research note on Thursday, August 13th. UBS Group reduced their price objective on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Morgan Stanley set a $65.20 price objective on Life360 in a research report on Wednesday, August 12th. DA Davidson lowered their target price on Life360 from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.94.

Life360 Company Profile

Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.

The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.