Susan L. Stick Sells 500 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $40.29, for a total value of $20,145.00. Following the transaction, the general counsel now owns 86,252 shares in the company, valued at $3,475,093.08. This represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Life360 Price Performance

Shares of Life360 stock traded down $1.04 during mid-day trading on Thursday, reaching $39.59. 410,745 shares of the stock traded hands, compared to its average volume of 295,078. The business has a 50-day moving average of $43.98 and a 200 day moving average of $42.72. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. As a group, analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LIF has been the topic of a number of recent analyst reports. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. JMP Securities increased their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price target on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $47.63.

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently made changes to their positions in LIF. New York State Common Retirement Fund acquired a new stake in shares of Life360 in the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. increased its stake in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after acquiring an additional 484 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Life360 during the third quarter worth $98,000. MetLife Investment Management LLC acquired a new stake in Life360 during the third quarter worth $139,000. Finally, KBC Group NV acquired a new stake in Life360 during the fourth quarter worth $147,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.