Key Points
- Director Mark Goines sold 15,000 shares on Dec. 3 at an average price of $74.19, generating $1,112,850 and reducing his ownership by 20.89% to 56,809 shares (valued at ~$4.21M).
- Life360 beat its latest quarter estimates—$0.11 EPS vs. $0.03 expected and $124.5M revenue vs. $119.3M—but analysts still forecast a -$0.17 EPS for the current year.
- The stock trades near $78 with a market cap of $6.12B, a high P/E of 229.41 and beta of 3.60; analysts' consensus is a Moderate Buy with an average target of $90.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Mark Goines sold 15,000 shares of the business's stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $74.19, for a total transaction of $1,112,850.00. Following the transaction, the director owned 56,809 shares of the company's stock, valued at $4,214,659.71. This represents a 20.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Life360 Price Performance
NASDAQ:LIF opened at $78.00 on Friday. The firm's fifty day moving average is $89.47 and its two-hundred day moving average is $81.12. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 229.41 and a beta of 3.60. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. Life360, Inc. has a one year low of $29.62 and a one year high of $112.54.
Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.08. Life360 had a return on equity of 7.95% and a net margin of 6.46%.The business had revenue of $124.50 million during the quarter, compared to analyst estimates of $119.26 million. Research analysts expect that Life360, Inc. will post -0.17 EPS for the current year.
Institutional Investors Weigh In On Life360
A number of institutional investors have recently added to or reduced their stakes in LIF. SBI Securities Co. Ltd. lifted its holdings in Life360 by 824.1% during 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 in the last quarter. NewEdge Advisors LLC purchased a new position in Life360 in the 3rd quarter valued at about $32,000. CWM LLC boosted its holdings in Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company's stock worth $41,000 after buying an additional 160 shares during the last quarter. IFP Advisors Inc purchased a new stake in Life360 during the 3rd quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp increased its stake in Life360 by 1,663.3% during 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 in the last quarter. Institutional investors and hedge funds own 20.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Wall Street Zen upgraded Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, November 22nd. Stifel Nicolaus cut shares of Life360 from a "buy" rating to a "hold" rating and set a $92.00 target price for the company. in a research note on Friday, October 24th. Weiss Ratings restated a "hold (c-)" rating on shares of Life360 in a research report on Tuesday. Canaccord Genuity Group upped their price objective on shares of Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Finally, Evercore ISI increased their target price on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.00.
View Our Latest Stock Report on Life360
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.
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