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

Life360, Inc. (NASDAQ:LIF) shares gapped down prior to trading on Thursday . The stock had previously closed at $45.08, but opened at $43.00. Life360 shares last traded at $43.4950, with a volume of 178,627 shares trading hands.

Analyst Ratings Changes

LIF has been the topic of a number of research reports. UBS Group cut their price target on shares of Life360 from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Citigroup restated a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Citizens Jmp cut shares of Life360 from a “market outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a report on Sunday. Finally, DA Davidson started coverage on Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.31.

Life360 Stock Performance

The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 24.21 and a beta of 3.84. The stock’s 50 day moving average price is $55.22 and its 200 day moving average price is $75.85. The company has a current ratio of 6.26, a quick ratio of 6.16 and a debt-to-equity ratio of 0.57.

Insider Transactions at Life360

In other news, Director James Synge sold 3,966 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total transaction of $253,665.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles J. Prober sold 7,930 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $68.30, for a total value of $541,619.00. Following the completion of the sale, the director directly owned 105,456 shares of the company’s stock, valued at approximately $7,202,644.80. The trade was a 6.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 40,712 shares of company stock valued at $2,295,032. 8.00% of the stock is owned by insiders.

Institutional Trading of Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new stake in Life360 in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. increased its stake in shares of Life360 by 824.1% during the 3rd 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. MCF Advisors LLC acquired a new position in shares of Life360 during the 4th quarter worth about $32,000. NewEdge Advisors LLC bought a new stake in shares of Life360 in the 3rd quarter valued at about $32,000. Finally, CWM LLC lifted its stake in Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the last quarter. 20.00% of the stock is owned by 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.