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 dated Thursday, August 13th. The stock was sold at an average price of $48.59, for a total value of $385,318.70. Following the completion of the sale, the director directly owned 109,930 shares of the company’s stock, valued at $5,341,498.70. The trade was a 6.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Performance

Shares of NASDAQ:LIF opened at $46.74 on Wednesday. The company has a market cap of $3.81 billion, a P/E ratio of 27.33 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54. The business’s 50-day simple moving average is $53.08 and its 200 day simple moving average is $47.95.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LIF shares. DA Davidson lifted their price target on shares of Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Bank of America upped their price objective on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Life360 in a research report on Friday, August 7th. Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Macquarie Infrastructure started coverage on Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.72.

Institutional Trading of Life360

Several institutional investors have recently added to or reduced their stakes in LIF. NewEdge Advisors LLC acquired a new position in Life360 during the 3rd quarter worth $32,000. Strive Financial Group LLC acquired a new stake in shares of Life360 in the 4th quarter valued at about $26,000. IFP Advisors Inc acquired a new stake in shares of Life360 in the 3rd quarter valued at about $47,000. MCF Advisors LLC bought a new position in shares of Life360 during the fourth quarter worth about $32,000. Finally, Advisory Services Network LLC acquired a new position in Life360 in the third quarter worth about $80,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Company Profile

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.