Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles Prober sold 7,930 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $48.59, for a total transaction of $385,318.70. Following the sale, the director directly owned 109,930 shares of the company's stock, valued at approximately $5,341,498.70. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Life360 Trading Down 2.0%
Shares of NASDAQ:LIF opened at $50.18 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 29.35 and a beta of 2.35. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54. The company has a 50 day moving average price of $53.08 and a 200 day moving average price of $48.06.
Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). Life360 had a net margin of 25.73% and a return on equity of 5.66%. The company had revenue of $158.96 million during the quarter, compared to the consensus estimate of $156.68 million. On average, research analysts anticipate that Life360, Inc. will post 0.53 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on LIF shares. Morgan Stanley set a $65.20 target price on Life360 in a report on Wednesday, August 12th. Evercore set a $68.00 price target on Life360 in a research note on Tuesday, May 12th. Bank of America boosted their price objective on Life360 from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Citigroup reduced their price objective on shares of Life360 from $66.65 to $60.10 and set a "buy" rating for the company in a research note on Thursday, August 13th. Finally, DA Davidson raised their target price on shares of Life360 from $42.00 to $47.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $60.72.
Read Our Latest Analysis on Life360
Institutional Trading of Life360
Large investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new stake in shares of Life360 in the fourth quarter valued at $26,000. MCF Advisors LLC purchased a new position in shares of Life360 during the fourth quarter valued at $32,000. NewEdge Advisors LLC purchased a new position in shares of Life360 during the third quarter valued at $32,000. IFP Advisors Inc acquired a new position in Life360 during the third quarter valued at $47,000. Finally, Advisors Asset Management Inc. raised its position in Life360 by 136.6% during the fourth quarter. Advisors Asset Management Inc. now owns 899 shares of the company's stock valued at $58,000 after buying an additional 519 shares during the period. 20.00% of the stock is owned by institutional investors and hedge funds.
About Life360
(
Get Free Report)
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.
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