Life360 (NASDAQ:LIF) Director Sells $541,619.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $68.30, for a total value of $541,619.00. Following the sale, the director owned 105,456 shares in the company, valued at approximately $7,202,644.80. This trade represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Life360 Stock Down 5.9%

Shares of LIF traded down $3.82 during midday trading on Wednesday, hitting $60.43. The company had a trading volume of 1,883,772 shares, compared to its average volume of 769,515. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $112.54. The firm has a market capitalization of $4.74 billion, a P/E ratio of 177.74 and a beta of 3.60. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The company’s 50-day simple moving average is $84.10 and its 200-day simple moving average is $81.73.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The firm had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $119.26 million. As a group, sell-side analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Life360

Several hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its holdings in shares of Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after purchasing an additional 239 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Life360 during the third quarter worth $32,000. CWM LLC raised its holdings in shares of Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after acquiring an additional 160 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of Life360 in the third quarter valued at $47,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Life360 by 1,663.3% during the third quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after acquiring an additional 499 shares during the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LIF shares. Citigroup reaffirmed a “market outperform” rating on shares of Life360 in a report on Tuesday, November 11th. Wall Street Zen downgraded shares of Life360 from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group cut their target price on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Zacks Research downgraded Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, DA Davidson began coverage on Life360 in a research note on Thursday, December 11th. They set a “buy” rating and a $94.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.63.

About Life360

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.