Key Points
- Director Alex Haro sold 100,000 shares at an average price of $76.45 on Dec. 1, generating about $7.645 million and reducing his ownership by 10.4% to 861,315 shares (worth roughly $65.85M).
- Life360 stock opened at $75.50 and was reported down ~5.2%; the company recently beat quarterly estimates with $0.11 EPS (vs. $0.03) and $124.5M revenue, and analysts carry a consensus Moderate Buy rating with a $90 price target.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Alex Haro sold 100,000 shares of the company's stock in a transaction on Monday, December 1st. The shares were sold at an average price of $76.45, for a total value of $7,645,000.00. Following the transaction, the director directly owned 861,315 shares in the company, valued at approximately $65,847,531.75. The trade was a 10.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Life360 Trading Down 5.2%
NASDAQ:LIF opened at $75.50 on Tuesday. The company has a market cap of $5.92 billion, a PE ratio of 222.06 and a beta of 3.62. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $112.54. The company has a 50 day simple moving average of $91.59 and a two-hundred day simple moving average of $80.97.
Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results 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. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The business had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Life360 has set its FY 2025 guidance at EPS. Research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.
Institutional Trading of Life360
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its holdings in shares of Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company's stock valued at $28,000 after purchasing an additional 239 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Life360 during the third quarter worth about $32,000. CWM LLC boosted its position in Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company's stock valued at $41,000 after buying an additional 160 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Life360 by 1,663.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company's stock worth $55,000 after buying an additional 499 shares during the period. Finally, Keystone Financial Group Inc. acquired a new position in Life360 in the 2nd quarter worth approximately $62,000. Institutional investors and hedge funds own 20.00% of the company's stock.
Analysts Set New Price Targets
LIF has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Life360 in a report on Wednesday, November 26th. UBS Group decreased their price objective on Life360 from $120.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, November 11th. Evercore ISI upped their target price on Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Canaccord Genuity Group increased their price objective on Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Finally, Stifel Nicolaus lowered Life360 from a "buy" rating to a "hold" rating and set a $92.00 target price on the stock. in a research report on Friday, October 24th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Life360 currently has an average rating of "Moderate Buy" and a consensus price target of $90.00.
Check Out Our Latest Research Report on Life360
Life360 Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
