Key Points
- Director Alex Haro sold 50,000 Life360 shares at an average price of $40.88, generating $2.04 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 4.72% to 1,010,303 shares.
- Life360 recently reported quarterly revenue of $158.96 million, exceeding expectations, but earnings per share of $0.06 fell short of the $0.08 consensus estimate.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $59.94, while the stock recently traded near $40.75 and has a 12-month range of $37.01 to $112.54.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Alex Haro sold 50,000 shares of the company's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $40.88, for a total value of $2,044,000.00. Following the transaction, the director directly owned 1,010,303 shares in the company, valued at approximately $41,301,186.64. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Life360 Stock Performance
Shares of LIF opened at $40.75 on Thursday. 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 firm has a market cap of $3.32 billion, a PE ratio of 23.83 and a beta of 2.24. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. The stock has a fifty day moving average price of $48.44 and a 200-day moving average price of $46.30.
Life360 (NASDAQ:LIF - Get Free Report) last announced 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 return on equity of 5.66% and a net margin of 25.73%.The business had revenue of $158.96 million for the quarter, compared to analysts' expectations of $156.68 million. Equities research analysts predict that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.
Institutional Trading of Life360
Several large investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Life360 in the second quarter worth about $317,000. Nykredit A S purchased a new stake in Life360 in the second quarter valued at approximately $126,000. Amundi boosted its position in Life360 by 156.5% in the second quarter. Amundi now owns 12,969 shares of the company's stock valued at $718,000 after buying an additional 7,912 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Life360 in the 2nd quarter worth approximately $908,000. Finally, AXQ Capital LP purchased a new position in Life360 during the 2nd quarter worth approximately $505,000. Hedge funds and other institutional investors own 20.00% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on Life360 from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Morgan Stanley set a $65.20 target price on shares of Life360 in a research note on Wednesday, August 12th. Citigroup dropped their target price on shares of Life360 from $66.65 to $60.10 and set a "buy" rating on the stock in a research report on Thursday, August 13th. DA Davidson cut their price target on shares of Life360 from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 15th. Finally, UBS Group cut their price target on shares of Life360 from $64.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Life360 presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.94.
Read Our Latest Analysis on Life360
About Life360
(
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.
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