Life360 (NASDAQ:LIF) Director Sells $262,776.65 in Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 5,833 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $45.05, for a total transaction of $262,776.65. Following the sale, the director directly owned 219,160 shares of the company’s stock, valued at $9,873,158. This represents a 2.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

James Synge also recently made the following trade(s):

• On Wednesday, August 26th, James Synge sold 27,466 shares of Life360 stock. The stock was sold at an average price of $44.31, for a total transaction of $1,217,018.46.

Life360 Price Performance

LIF stock opened at $43.49 on Friday. The company’s 50-day moving average price is $52.63 and its two-hundred day moving average price is $47.32. The firm has a market cap of $3.54 billion, a P/E ratio of 25.43 and a beta of 2.35. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54.

Life360 (NASDAQ:LIF) last issued 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 firm had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. On average, analysts anticipate that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

LIF has been the topic of a number of research analyst reports. Citigroup reduced their target price on Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a report on Thursday, August 13th. Morgan Stanley set a $65.20 price objective on Life360 in a research report on Wednesday, August 12th. Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research note on Tuesday, May 12th. Finally, Evercore set a $68.00 target price on Life360 in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.72.

Institutional Trading of Life360

A number of hedge funds have recently added to or reduced their stakes in LIF. California State Teachers Retirement System increased its holdings in shares of Life360 by 5,442.5% during the second quarter. California State Teachers Retirement System now owns 4,801,705 shares of the company’s stock worth $265,822,000 after buying an additional 4,715,070 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Life360 by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company’s stock valued at $74,372,000 after acquiring an additional 85,857 shares in the last quarter. State Street Corp boosted its holdings in shares of Life360 by 17.3% during the 4th quarter. State Street Corp now owns 905,153 shares of the company’s stock valued at $58,057,000 after acquiring an additional 133,722 shares in the last quarter. Franklin Resources Inc. grew its position in Life360 by 86.3% during the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after acquiring an additional 352,110 shares during the last quarter. Finally, Norges Bank bought a new stake in Life360 during the 4th quarter worth $47,097,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.