Key Points
- Life360 director John Philip Coghlan sold 4,000 shares for $183,200 at an average price of $45.80, reducing his direct stake by 32.18% to 8,431 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Life360’s latest quarterly results showed EPS of $0.06, below the $0.08 consensus, while revenue of $158.96 million exceeded estimates of $156.68 million.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $59.93; shares opened at $48.05 in the trading session described.
Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Coghlan sold 4,000 shares of the company's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $45.80, for a total value of $183,200.00. Following the completion of the transaction, the director directly owned 8,431 shares of the company's stock, valued at approximately $386,139.80. This trade represents a 32.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Philip Coghlan also recently made the following trade(s):
- On Thursday, October 1st, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $40.37, for a total value of $161,480.00.
- On Tuesday, September 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $41.97, for a total value of $167,880.00.
Life360 Stock Up 6.6%
Shares of LIF opened at $48.05 on Thursday. The business's 50 day moving average is $42.71 and its 200 day moving average is $47.04. The company has a market capitalization of $3.92 billion, a PE ratio of 28.10 and a beta of 2.17. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $96.66. 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 posted its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $156.68 million. Research analysts expect that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Life360
A number of hedge funds have recently made changes to their positions in LIF. Principal Financial Group Inc. boosted its stake in Life360 by 455.0% during the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company's stock valued at $18,918,000 after buying an additional 379,941 shares during the last quarter. Bank of America Corp DE grew its holdings in Life360 by 312.8% during the 1st quarter. Bank of America Corp DE now owns 407,296 shares of the company's stock valued at $16,626,000 after buying an additional 308,632 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Life360 during the 2nd quarter valued at approximately $15,547,000. Dimensional Fund Advisors LP increased its stake in Life360 by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 303,479 shares of the company's stock worth $12,385,000 after acquiring an additional 49,429 shares during the last quarter. Finally, Greenspring Advisors LLC bought a new stake in Life360 in the 2nd quarter worth approximately $9,592,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. UBS Group lowered their target price on shares of Life360 from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Citigroup dropped their target price on shares of Life360 from $60.10 to $60.00 and set a "buy" rating for the company in a research report on Friday, October 30th. Morgan Stanley set a $65.20 target price on shares of Life360 in a research note on Wednesday, August 12th. Bank of America lifted their price target on shares of Life360 from $60.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of Life360 from a "sell" rating to a "hold" rating in a report on Saturday, September 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Life360 has an average rating of "Moderate Buy" and a consensus price target of $59.93.
View Our Latest Stock Analysis on LIF
Life360 Company Profile
(
Get Free Report)
Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.
The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.
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