Alex Haro Sells 1,887 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Alex Haro sold 1,887 shares of Life360 stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $120,692.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Alex Haro also recently made the following trade(s):

• On Monday, December 1st, Alex Haro sold 100,000 shares of Life360 stock. The shares were sold at an average price of $76.45, for a total value of $7,645,000.00.

Life360 Stock Up 4.4%

Shares of NASDAQ:LIF traded up $2.65 during trading on Thursday, hitting $63.08. 1,128,758 shares of the company were exchanged, compared to its average volume of 881,027. The firm’s 50 day moving average price is $82.27 and its 200-day moving average price is $81.45. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $112.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. The stock has a market capitalization of $4.95 billion, a P/E ratio of 185.53 and a beta of 3.60.

Life360 (NASDAQ:LIF) last posted its earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The business had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. On average, research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Life360

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Life360 by 3,865.6% in the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock valued at $218,194,000 after acquiring an additional 5,540,302 shares during the last quarter. Norges Bank acquired a new position in shares of Life360 in the 2nd quarter valued at about $60,369,000. Citigroup Inc. increased its position in Life360 by 158.4% during the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after purchasing an additional 459,463 shares in the last quarter. American Century Companies Inc. purchased a new position in Life360 in the third quarter valued at approximately $44,632,000. Finally, Franklin Resources Inc. lifted its position in Life360 by 86.3% during the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after buying an additional 352,110 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIF has been the subject of several recent research reports. UBS Group dropped their target price on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Citigroup restated a “market outperform” rating on shares of Life360 in a research report on Tuesday, November 11th. Zacks Research cut Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.63.

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.