Life360, Inc. (NASDAQ:LIF) General Counsel Sells $23,445.00 in Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of Life360 stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $46.89, for a total value of $23,445.00. Following the completion of the transaction, the general counsel now directly owns 111,309 shares of the company’s stock, valued at approximately $5,219,279.01. This represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Life360 Trading Up 0.5%

Shares of LIF stock opened at $58.57 on Friday. The company has a 50 day moving average price of $40.47 and a 200-day moving average price of $43.03. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $62.64.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. The company had revenue of $103.62 million for the quarter, compared to analysts’ expectations of $101.48 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Life360

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC bought a new position in Life360 in the third quarter valued at about $320,000. Franklin Resources Inc. bought a new position in shares of Life360 in the 3rd quarter worth approximately $4,689,000. JPMorgan Chase & Co. boosted its holdings in shares of Life360 by 295.6% in the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock worth $514,000 after buying an additional 9,754 shares during the last quarter. Affinity Capital Advisors LLC purchased a new position in shares of Life360 in the fourth quarter worth approximately $406,000. Finally, Cherrydale Wealth Management LLC bought a new stake in Life360 during the fourth quarter valued at approximately $340,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LIF. Stifel Nicolaus reduced their price objective on shares of Life360 from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. UBS Group raised their price target on shares of Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Loop Capital boosted their price objective on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Life360 currently has an average rating of “Buy” and a consensus price target of $49.50.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.