Key Points
- Life360 Director James Synge sold 5,833 shares at an average price of $45.05, worth approximately $262,777, reducing his direct stake by 2.59%. He also sold 27,466 shares the following day for about $1.22 million.
- Life360 reported quarterly revenue of $158.96 million, exceeding estimates, but earnings per share of $0.06 fell short of the $0.08 consensus forecast.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $60.72, compared with the stock’s opening price of $44.26; institutional investors own 20% of the shares.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director James Synge sold 5,833 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $45.05, for a total value of $262,776.65. Following the transaction, the director directly owned 219,160 shares of the company's stock, valued at approximately $9,873,158. The trade was a 2.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
James Synge also recently made the following trade(s):
- On Wednesday, August 26th, James Synge sold 27,466 shares of Life360 stock. The stock was sold at an average price of $44.31, for a total transaction of $1,217,018.46.
Life360 Trading Up 1.9%
LIF opened at $44.26 on Friday. The company has a market cap of $3.61 billion, a P/E ratio of 25.88 and a beta of 2.35. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. The company's 50 day moving average is $52.74 and its 200-day moving average is $47.35. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54.
Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The company had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. Equities research analysts predict that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Life360
Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new position in Life360 in the 3rd quarter valued at approximately $32,000. Strive Financial Group LLC bought a new position in shares of Life360 during the fourth quarter valued at $26,000. IFP Advisors Inc acquired a new position in shares of Life360 during the third quarter worth $47,000. MCF Advisors LLC acquired a new position in shares of Life360 during the fourth quarter worth $32,000. Finally, Advisory Services Network LLC bought a new stake in shares of Life360 in the third quarter worth $80,000. 20.00% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Morgan Stanley set a $65.20 target price on shares of Life360 in a research note on Wednesday, August 12th. Weiss Ratings upgraded Life360 from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 21st. DA Davidson raised their price objective on Life360 from $42.00 to $47.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research report on Tuesday, May 12th. Finally, UBS Group lowered their target price on Life360 from $64.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Life360 presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.72.
View Our Latest Stock Report on Life360
Life360 Company Profile
(
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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