Charles Prober Sells 7,930 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $61.98, for a total transaction of $491,501.40. Following the transaction, the director owned 105,456 shares of the company’s stock, valued at approximately $6,536,162.88. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Life360 Stock Performance

NASDAQ LIF traded up $0.16 during midday trading on Thursday, hitting $59.79. The company had a trading volume of 951,933 shares, compared to its average volume of 742,390. The firm has a fifty day simple moving average of $70.53 and a two-hundred day simple moving average of $81.87. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 175.85 and a beta of 3.79.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The business had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. Equities analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life360

Several institutional investors have recently added to or reduced their stakes in LIF. Avior Wealth Management LLC bought a new stake in Life360 during the 4th quarter worth approximately $214,000. IFP Advisors Inc acquired a new stake in shares of Life360 in the third quarter valued at $47,000. Swiss Life Asset Management Ltd bought a new position in shares of Life360 in the third quarter valued at about $355,000. CIBC Bancorp USA Inc. bought a new position in shares of Life360 in the third quarter valued at about $206,000. Finally, Advisory Services Network LLC acquired a new position in Life360 during the 3rd quarter worth about $80,000. 20.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on LIF. UBS Group reduced their target price on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Stifel Nicolaus set a $92.00 price objective on shares of Life360 in a report on Tuesday, December 9th. Citigroup lowered their target price on shares of Life360 from $96.80 to $79.50 and set a “buy” rating on the stock in a research note on Friday, January 9th. Zacks Research cut shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.31.

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.