Key Points
- Life360 Director John Coghlan sold 4,000 shares at an average price of $41.97, generating $167,880. The Rule 10b5-1 transaction reduced his direct ownership by 19.58% to 16,431 shares.
- Life360 shares opened at $43.88, below their 50-day moving average of $52.20 but above the 52-week low of $37.01. The company recently reported quarterly revenue of $158.96 million, exceeding estimates, though earnings per share missed expectations.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $60.72, while institutional investors own approximately 20% of the company.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Coghlan sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the sale, the director directly owned 16,431 shares of the company's stock, valued at approximately $689,609.07. This represents a 19.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Philip Coghlan also recently made the following trade(s):
- On Monday, August 3rd, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $54.82, for a total transaction of $219,280.00.
- On Wednesday, July 1st, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $56.07, for a total value of $224,280.00.
Life360 Price Performance
NASDAQ LIF opened at $43.88 on Friday. The business's fifty day moving average is $52.20 and its 200 day moving average is $47.01. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. 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 company has a market capitalization of $3.58 billion, a PE ratio of 25.66 and a beta of 2.24.
Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The company had revenue of $158.96 million during the quarter, compared to analysts' expectations of $156.68 million. Sell-side analysts predict that Life360, Inc. will post 0.53 earnings per share for the current year.
Analyst Upgrades and Downgrades
LIF has been the subject of a number of analyst reports. Morgan Stanley set a $65.20 price objective on shares of Life360 in a research note on Wednesday, August 12th. Citigroup dropped their price target on Life360 from $66.65 to $60.10 and set a "buy" rating for the company in a research note on Thursday, August 13th. Bank of America lifted their price objective on Life360 from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Weiss Ratings raised Life360 from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 21st. Finally, DA Davidson raised their target price on shares of Life360 from $42.00 to $47.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. One 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.72.
View Our Latest Analysis on Life360
Institutional Investors Weigh In On Life360
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Life360 by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock valued at $237,000 after purchasing an additional 378 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Life360 by 12.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company's stock valued at $5,327,000 after purchasing an additional 15,420 shares during the last quarter. Strs Ohio purchased a new stake in Life360 during the 1st quarter valued at $157,000. New York State Common Retirement Fund lifted its position in Life360 by 59.4% in the second quarter. New York State Common Retirement Fund now owns 5,100 shares of the company's stock worth $333,000 after buying an additional 1,900 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Life360 by 1,065.1% in the second quarter. Invesco Ltd. now owns 163,970 shares of the company's stock worth $10,699,000 after buying an additional 149,896 shares during the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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