Key Points
- Life360 director Charles Prober sold 7,930 shares at an average price of $43.29, generating $343,289.70. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 6.73% to 109,930 shares.
- Life360’s stock opened at $42.14, with a market capitalization of approximately $3.43 billion and a 52-week range of $37.01 to $100.18. The company’s latest quarterly earnings missed expectations, though revenue exceeded analyst estimates.
- Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $59.94, versus the current share price near $42.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles Prober sold 7,930 shares of the business's stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $43.29, for a total value of $343,289.70. Following the completion of the sale, the director owned 109,930 shares of the company's stock, valued at approximately $4,758,869.70. This represents a 6.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Life360 Price Performance
LIF stock opened at $42.14 on Friday. The business has a 50 day simple moving average of $44.08 and a 200-day simple moving average of $46.28. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $100.18. The company has a market capitalization of $3.43 billion, a P/E ratio of 24.64 and a beta of 2.27. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51.
Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly 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 business had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. As a group, equities analysts anticipate that Life360, Inc. will post 0.53 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have weighed in on LIF shares. Weiss Ratings raised Life360 from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 4th. Bank of America upped their price objective on shares of Life360 from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. UBS Group reduced their target price on shares of Life360 from $64.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. DA Davidson restated a "neutral" rating and issued a $40.00 price objective on shares of Life360 in a research report on Tuesday, September 29th. Finally, Citigroup lowered their price objective on Life360 from $66.65 to $60.10 and set a "buy" rating on the stock in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.94.
Check Out Our Latest Analysis on LIF
Hedge Funds Weigh In On Life360
A number of large investors have recently made changes to their positions in LIF. Pacer Advisors Inc. acquired a new position in Life360 during the first quarter worth about $76,000. Royal Bank of Canada lifted its position in shares of Life360 by 85.5% during the 1st 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. GAMMA Investing LLC lifted its position in shares of Life360 by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company's stock valued at $103,000 after acquiring an additional 569 shares during the period. Nykredit A S acquired a new stake in shares of Life360 during the 2nd quarter valued at approximately $126,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Life360 during the 1st quarter worth approximately $153,000. Hedge funds and other institutional investors own 20.00% of the company's stock.
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.
Further Reading
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