James Synge Sells 3,966 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 3,966 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total transaction of $253,665.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Life360 Price Performance

NASDAQ LIF traded up $2.65 on Thursday, reaching $63.08. The company’s stock had a trading volume of 1,128,758 shares, compared to its average volume of 881,027. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average price of $82.27 and a 200 day moving average price of $81.45. The firm has a market cap of $4.95 billion, a PE ratio of 185.53 and a beta of 3.60. Life360, Inc. has a 52 week low of $29.62 and a 52 week high of $112.54.

Life360 (NASDAQ:LIF) last announced its earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. Life360 had a return on equity of 7.95% and a net margin of 6.46%.The company had revenue of $124.50 million during the quarter, compared to analyst estimates of $119.26 million. Sell-side analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LIF. Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. DA Davidson initiated coverage on Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 target price for the company. UBS Group decreased their price target on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Zacks Research downgraded shares of Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus set a $92.00 target price on shares of Life360 in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Life360 has an average rating of “Moderate Buy” and a consensus target price of $93.63.

Hedge Funds Weigh In On Life360

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Life360 by 3,865.6% in the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock valued at $218,194,000 after buying an additional 5,540,302 shares in the last quarter. Norges Bank bought a new position in Life360 in the second quarter valued at approximately $60,369,000. Citigroup Inc. increased its holdings 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. acquired a new stake in shares of Life360 in the 3rd quarter valued at about $44,632,000. Finally, Franklin Resources Inc. boosted its position in Life360 by 86.3% during the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after acquiring an additional 352,110 shares during the last quarter. 20.00% of the stock is owned by institutional investors.

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.