Key Points
- Director Charles Prober sold 7,930 Life360 shares on December 15 at an average price of $68.30 for proceeds of $541,619, leaving him with 105,456 shares (a 6.99% reduction in his position).
- Life360 recently reported stronger-than-expected results — $0.11 EPS vs. $0.03 consensus and $124.5M in revenue — with a net margin of 6.46% and ROE of 7.95%, though analysts forecast -$0.17 EPS for the current fiscal year.
- The stock is trading well below some analyst targets (traded at $62.74, up 3.8%), has a market cap of $4.92B and high volatility (beta 3.60), and holds a consensus rating of “Moderate Buy” with an average price target of $93.63.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles Prober sold 7,930 shares of Life360 stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $68.30, for a total transaction of $541,619.00. Following the completion of the transaction, the director owned 105,456 shares of the company's stock, valued at $7,202,644.80. This represents a 6.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Life360 Stock Up 3.8%
Shares of NASDAQ:LIF traded up $2.31 during trading hours on Thursday, reaching $62.74. The stock had a trading volume of 172,364 shares, compared to its average volume of 766,464. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $112.54. The firm's 50 day moving average is $83.16 and its 200-day moving average is $81.58. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 185.11 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 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.08. The firm had revenue of $124.50 million during the quarter, compared to the consensus estimate of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. Research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Life360
Institutional investors have recently modified their holdings of the business. IFP Advisors Inc bought a new position in Life360 in the 3rd quarter worth about $47,000. Swiss Life Asset Management Ltd bought a new position in shares of Life360 in the third quarter valued at $355,000. CIBC Bancorp USA Inc. purchased a new position in shares of Life360 in the third quarter worth approximately $206,000. Advisory Services Network LLC acquired a new stake in Life360 during the 3rd quarter valued at $80,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in Life360 by 321.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 36,464 shares of the company's stock valued at $3,876,000 after acquiring an additional 27,807 shares in the last quarter. Institutional investors own 20.00% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Stifel Nicolaus set a $92.00 price objective on shares of Life360 in a report on Tuesday, December 9th. Zacks Research lowered shares of Life360 from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 5th. DA Davidson assumed coverage on Life360 in a research report on Thursday, December 11th. They set a "buy" rating and a $94.00 price objective for the company. Wall Street Zen downgraded shares of Life360 from a "buy" rating to a "hold" rating in a research report on Saturday, December 13th. Finally, Citigroup restated a "market outperform" rating on shares of Life360 in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $93.63.
View Our Latest Report on LIF
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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