Life360 (NASDAQ:LIF) Director John Philip Coghlan Sells 4,000 Shares

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of Life360 stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the transaction, the director directly owned 16,431 shares in the company, valued at $689,609.07. This trade represents a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Philip Coghlan also recently made the following trade(s):

• On Monday, August 3rd, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $54.82, for a total value of $219,280.00.
• On Wednesday, July 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $56.07, for a total value of $224,280.00.

Life360 Trading Up 1.6%

NASDAQ:LIF opened at $43.88 on Friday. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $52.20 and a 200 day moving average of $47.01. The firm has a market capitalization of $3.58 billion, a P/E ratio of 25.66 and a beta of 2.24. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $158.96 million during the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. On average, research analysts predict that Life360, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LIF shares. Bank of America upped their price objective on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. UBS Group decreased their price target on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings raised Life360 from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Morgan Stanley set a $65.20 price objective on Life360 in a research report on Wednesday, August 12th. Finally, DA Davidson upped their target price on shares of Life360 from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Life360 has a consensus rating of “Moderate Buy” and a consensus target price of $60.72.

Institutional Investors Weigh In On Life360

A number of hedge funds have recently added to or reduced their stakes in LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after buying an additional 378 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Life360 by 12.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock valued at $5,327,000 after acquiring an additional 15,420 shares during the last quarter. Strs Ohio purchased a new stake in Life360 during the first quarter valued at $157,000. New York State Common Retirement Fund lifted its holdings in Life360 by 59.4% in the second quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock valued at $333,000 after acquiring an additional 1,900 shares during the period. Finally, Invesco Ltd. lifted its holdings in Life360 by 1,065.1% in the second quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock valued at $10,699,000 after acquiring an additional 149,896 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

About Life360

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.