Key Points
- Life360 Director Charles Prober sold 7,930 shares at an average price of $42.12, generating $334,011.60. The Rule 10b5-1 transaction reduced his stake by 6.73%, leaving him with 109,930 shares.
- Life360 shares opened at $40.71, down 3.5%, and remain well below their 12-month high of $112.54. The company recently reported $0.06 in quarterly EPS, missing estimates, while revenue of $158.96 million exceeded expectations.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and a $59.94 average price target, despite mixed individual target revisions.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles Prober sold 7,930 shares of Life360 stock in a transaction on Monday, September 14th. The shares were sold at an average price of $42.12, for a total transaction of $334,011.60. Following the transaction, the director owned 109,930 shares in the company, valued at approximately $4,630,251.60. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Life360 Stock Down 3.5%
NASDAQ LIF opened at $40.71 on Thursday. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. 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 stock has a market cap of $3.32 billion, a PE ratio of 23.81 and a beta of 2.24. The stock's 50 day moving average is $49.78 and its 200 day moving average is $46.56.
Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.06 earnings per share 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 for the quarter, compared to analysts' expectations of $156.68 million. Research analysts predict that Life360, Inc. will post 0.53 EPS for the current fiscal year.
Hedge Funds Weigh In On Life360
Several hedge funds have recently bought and sold shares of LIF. Nykredit A S bought a new stake in shares of Life360 during the second quarter worth $126,000. Amundi grew its holdings in shares of Life360 by 156.5% in the second quarter. Amundi now owns 12,969 shares of the company's stock worth $718,000 after purchasing an additional 7,912 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Life360 in the second quarter worth about $908,000. AXQ Capital LP purchased a new position in Life360 in the 2nd quarter worth about $505,000. Finally, Greenspring Advisors LLC increased its stake in Life360 by 5.9% in the 2nd quarter. Greenspring Advisors LLC now owns 173,271 shares of the company's stock worth $9,592,000 after buying an additional 9,689 shares during the period. Institutional investors own 20.00% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. DA Davidson lowered their price objective on shares of Life360 from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday. Bank of America upped their target price on shares of Life360 from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Citigroup lowered their price target on shares of Life360 from $66.65 to $60.10 and set a "buy" rating for the company in a report on Thursday, August 13th. Weiss Ratings upgraded Life360 from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 4th. Finally, Morgan Stanley set a $65.20 price target on Life360 in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.94.
Check Out Our Latest Stock Analysis on Life360
Life360 Company Profile
(
Get Free Report)
Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.
The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
