Key Points
- Director Chris Hulls sold 250,000 Life360 shares at an average price of $46.84, generating $11.71 million and reducing his ownership by 39.55% to 382,056 shares.
- Life360 reported quarterly EPS of $0.06, below the $0.08 consensus estimate, while revenue of $158.96 million exceeded expectations. Shares opened at $43.19, with a 52-week range of $37.01 to $112.54.
- Analysts maintain a “Moderate Buy” consensus, with an average price target of $60.72; institutional investors and hedge funds own approximately 20% of the company.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Chris Hulls sold 250,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $46.84, for a total value of $11,710,000.00. Following the sale, the director owned 382,056 shares of the company's stock, valued at approximately $17,895,503.04. This represents a 39.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Chris Hulls also recently made the following trade(s):
- On Tuesday, August 4th, Chris Hulls sold 27,000 shares of Life360 stock. The shares were sold at an average price of $63.34, for a total value of $1,710,180.00.
- On Thursday, June 18th, Chris Hulls sold 16,042 shares of Life360 stock. The shares were sold at an average price of $47.07, for a total value of $755,096.94.
- On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The stock was sold at an average price of $40.34, for a total value of $660,728.86.
Life360 Stock Performance
Shares of LIF stock opened at $43.19 on Thursday. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The stock's 50-day moving average is $53.05 and its two-hundred day moving average is $47.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. The firm has a market cap of $3.52 billion, a P/E ratio of 25.26 and a beta of 2.35.
Life360 (NASDAQ:LIF - Get Free Report) last announced 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). The firm had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Analysts predict that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Life360
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. Wilson Asset Management International PTY Ltd. boosted its holdings in shares of Life360 by 108.6% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company's stock worth $3,207,000 after buying an additional 26,028 shares during the period. California State Teachers Retirement System raised its holdings in Life360 by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 86,635 shares of the company's stock worth $3,536,000 after acquiring an additional 16,461 shares during the period. Greenspring Advisors LLC bought a new position in Life360 in the 4th quarter worth $21,720,000. XY Capital Ltd bought a new position in Life360 in the 4th quarter worth $6,063,000. Finally, Milford Funds Ltd. acquired a new position in Life360 during the 4th quarter worth $9,604,000. Institutional investors and hedge funds own 20.00% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on LIF. DA Davidson lifted their target price on shares of Life360 from $42.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of Life360 from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Macquarie Infrastructure assumed coverage on shares of Life360 in a report on Tuesday, April 28th. They set an "outperform" rating and a $32.20 price target on the stock. UBS Group reduced their price objective on shares of Life360 from $64.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Finally, Morgan Stanley set a $65.20 price objective on shares of Life360 in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.72.
View Our Latest Analysis on Life360
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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