Key Points
- Life360 director Alex Haro sold 50,000 shares at an average price of $41.44, generating approximately $2.07 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 4.72% to 1,010,303 shares.
- Life360 reported quarterly revenue of $158.96 million, ahead of estimates, but earnings per share of $0.06 missed the $0.08 consensus forecast. The stock opened at $41.88 and has traded between $37.01 and $109.48 over the past year.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $59.94, while institutional investors and hedge funds own approximately 20% of the company.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Alex Haro sold 50,000 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $41.44, for a total value of $2,072,000.00. Following the completion of the sale, the director directly owned 1,010,303 shares of the company's stock, valued at approximately $41,866,956.32. The trade was a 4.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alex Haro also recently made the following trade(s):
- On Monday, September 21st, Alex Haro sold 50,000 shares of Life360 stock. The stock was sold at an average price of $40.88, for a total value of $2,044,000.00.
Life360 Price Performance
Life360 stock opened at $41.88 on Friday. The stock's 50 day moving average is $45.71 and its 200 day moving average is $46.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. The firm has a market cap of $3.41 billion, a P/E ratio of 24.49 and a beta of 2.27. Life360, Inc. has a one year low of $37.01 and a one year high of $109.48.
Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $158.96 million during the quarter, compared to the consensus estimate of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. As a group, research analysts expect that Life360, Inc. will post 0.53 EPS for the current year.
Institutional Trading of Life360
Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Life360 by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company's stock worth $103,000 after buying an additional 569 shares during the period. Pacer Advisors Inc. bought a new position in Life360 in the first quarter worth approximately $76,000. Royal Bank of Canada grew its stake in Life360 by 85.5% in the first quarter. Royal Bank of Canada now owns 2,059 shares of the company's stock valued at $84,000 after acquiring an additional 949 shares during the period. Nykredit A S acquired a new stake in Life360 in the second quarter valued at approximately $126,000. Finally, Quantbot Technologies LP bought a new stake in shares of Life360 during the second quarter valued at approximately $178,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
LIF has been the subject of a number of analyst reports. Weiss Ratings raised shares of Life360 from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. Morgan Stanley set a $65.20 price objective on Life360 in a research note on Wednesday, August 12th. Citigroup cut their target price on 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 reaffirmed a "neutral" rating and set a $40.00 target price on shares of Life360 in a research note on Tuesday, September 29th. 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 investment 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, Life360 has a consensus rating of "Moderate Buy" and a consensus target price of $59.94.
Read Our Latest Analysis on LIF
Life360 Company Profile
(
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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