Life360 (NASDAQ:LIF) Shares Gap Down – Should You Sell?

Shares of Life360, Inc. (NASDAQ:LIF) gapped down prior to trading on Wednesday . The stock had previously closed at $61.07, but opened at $56.60. Life360 shares last traded at $54.4670, with a volume of 68,359 shares changing hands.

Wall Street Analysts Forecast Growth

LIF has been the topic of a number of research analyst reports. UBS Group dropped their price target on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a report on Monday, December 29th. Stifel Nicolaus lowered their price target on shares of Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 27th. Wall Street Zen raised Life360 from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citizens Jmp downgraded shares of Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Life360 currently has an average rating of “Moderate Buy” and an average price target of $90.31.

Life360 Stock Down 13.5%

The firm’s 50 day moving average price is $65.60 and its two-hundred day moving average price is $81.24. 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 has a market cap of $4.14 billion, a P/E ratio of 155.35 and a beta of 3.79.

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

Insider Buying and Selling

In related news, CEO Lauren Antonoff sold 19,442 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the completion of the transaction, the chief executive officer owned 305,385 shares in the company, valued at $23,282,552.40. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alex Haro sold 100,000 shares of Life360 stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $76.45, for a total transaction of $7,645,000.00. Following the transaction, the director directly owned 861,315 shares of the company’s stock, valued at approximately $65,847,531.75. This trade represents a 10.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 605,351 shares of company stock valued at $46,442,822 in the last 90 days.

Hedge Funds Weigh In On Life360

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC boosted its stake in Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Life360 by 824.1% during the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 239 shares during the last quarter. California State Teachers Retirement System boosted its position in Life360 by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after buying an additional 254 shares during the period. Swiss Life Asset Management Ltd increased its position in shares of Life360 by 8.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock worth $232,000 after acquiring an additional 273 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in shares of Life360 in the 3rd quarter worth $32,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

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.