Key Points
- Director Chris Hulls sold large stakes: Hulls sold 120,000 shares on Nov. 26 at $78.70 for $9,444,000 and had sold 311,749 shares on Nov. 25 at $77.10 for $24,035,847.90, leaving him with 335,413 shares (a 26.35% reduction).
- Life360 recently topped expectations with reported Q3 EPS of $0.11 (vs. $0.03 est.) and revenue of $124.5M, but the stock trades at a high P/E of 230.76
- Analyst sentiment is mixed-to-positive: the consensus is a "Moderate Buy" with an average price target of $90, supported by six Buy and three Hold ratings, while institutional ownership stands around 20%.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Chris Hulls sold 120,000 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $78.70, for a total value of $9,444,000.00. Following the completion of the transaction, the director directly owned 335,413 shares in the company, valued at approximately $26,397,003.10. This trade represents a 26.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Chris Hulls also recently made the following trade(s):
- On Tuesday, November 25th, Chris Hulls sold 311,749 shares of Life360 stock. The shares were sold at an average price of $77.10, for a total value of $24,035,847.90.
Life360 Stock Performance
Shares of NASDAQ:LIF opened at $78.46 on Thursday. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 230.76 and a beta of 3.41. The firm's 50 day simple moving average is $93.08 and its 200 day simple moving average is $80.35.
Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.08. The company had revenue of $124.50 million for the quarter, compared to analysts' expectations of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. Life360 has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on LIF. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Life360 in a research note on Thursday, November 20th. Zacks Research cut shares of Life360 from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 5th. Canaccord Genuity Group upped their target price on shares of Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Wall Street Zen raised Life360 from a "hold" rating to a "buy" rating in a research note on Saturday, November 22nd. Finally, JMP Securities upped their price objective on Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.00.
Check Out Our Latest Stock Analysis on LIF
Hedge Funds Weigh In On Life360
Several hedge funds have recently modified their holdings of LIF. CWM LLC raised its holdings in Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company's stock worth $41,000 after acquiring an additional 160 shares in the last quarter. SBI Securities Co. Ltd. raised 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 in the last quarter. California State Teachers Retirement System boosted its holdings in shares of 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 last quarter. NewEdge Advisors LLC bought a new position in shares of Life360 in the third quarter valued at $32,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Life360 by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company's stock valued at $1,379,000 after buying an additional 343 shares in the last quarter. Institutional investors own 20.00% of the company's stock.
About Life360
(
Get Free Report)
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.
Further Reading
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