Key Points
- Life360 director John Coghlan sold 4,000 shares at an average price of $40.37, generating $161,480. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 24.34% to 12,431 shares.
- Life360 reported quarterly earnings of $0.06 per share, below the $0.08 analyst consensus, while revenue of $158.96 million exceeded expectations. Shares opened at $42.57, with a market capitalization of approximately $3.47 billion.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $59.94, despite recent target reductions by UBS and Citigroup. Institutional investors own about 20% of the company’s stock.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Coghlan sold 4,000 shares of the business's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $40.37, for a total value of $161,480.00. Following the sale, the director directly owned 12,431 shares of the company's stock, valued at $501,839.47. This represents a 24.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Philip Coghlan also recently made the following trade(s):
- On Tuesday, September 1st, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00.
- On Monday, August 3rd, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $54.82, for a total transaction of $219,280.00.
Life360 Stock Performance
Shares of NASDAQ LIF opened at $42.57 on Tuesday. The stock has a market cap of $3.47 billion, a PE ratio of 24.89 and a beta of 2.27. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $112.54. The firm has a fifty day moving average price of $46.58 and a 200-day moving average price of $46.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46.
Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The firm had revenue of $158.96 million for the quarter, compared to analysts' expectations of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Equities analysts anticipate that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Life360 during the fourth quarter valued at $47,097,000. Principal Financial Group Inc. increased its holdings in shares of Life360 by 455.0% in the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company's stock worth $18,918,000 after buying an additional 379,941 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Life360 by 312.8% in the 1st quarter. Bank of America Corp DE now owns 407,296 shares of the company's stock worth $16,626,000 after buying an additional 308,632 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Life360 during the 2nd quarter valued at about $15,547,000. Finally, Greenspring Advisors LLC bought a new position in shares of Life360 in the 2nd quarter valued at about $9,592,000. 20.00% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on LIF shares. Wall Street Zen raised Life360 from a "sell" rating to a "hold" rating in a report on Saturday, September 19th. UBS Group reduced their price objective on shares of Life360 from $64.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Bank of America boosted their target price on shares of Life360 from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Weiss Ratings upgraded shares of Life360 from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 4th. Finally, Citigroup cut their target price on shares of Life360 from $66.65 to $60.10 and set a "buy" rating for the company in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.94.
Read Our Latest Stock Analysis on LIF
About Life360
(
Get Free Report)
Life360, Inc is a technology company that develops products designed to help families and groups stay connected, coordinate activities and improve personal safety. Its flagship Life360 mobile application provides location sharing, communication tools, driving-related features, emergency assistance and other services intended for family and community use.
The company also operates Tile, a brand of Bluetooth-enabled item-finding devices and related software that helps users locate keys, luggage, electronics and other belongings.
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