Life360 (NASDAQ:LIF) Trading Down 3.4% – Time to Sell?

Life360, Inc. (NASDAQ:LIF) shares dropped 3.4% during mid-day trading on Wednesday . The company traded as low as $64.01 and last traded at $64.43. Approximately 59,504 shares changed hands during trading, a decline of 92% from the average daily volume of 769,282 shares. The stock had previously closed at $66.73.

Analysts Set New Price Targets

LIF has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Citigroup reissued a “market outperform” rating on shares of Life360 in a research report on Tuesday, November 11th. Canaccord Genuity Group restated a “buy” rating and set a $115.00 target price on shares of Life360 in a research note on Tuesday, December 16th. UBS Group cut their price target on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, DA Davidson began coverage on Life360 in a report on Thursday, December 11th. They issued a “buy” rating and a $94.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Life360 has an average rating of “Moderate Buy” and a consensus price target of $93.63.

Life360 Trading Down 3.6%

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 company has a market cap of $5.04 billion, a price-to-earnings ratio of 189.15 and a beta of 3.60. The firm has a 50-day moving average price of $77.62 and a 200 day moving average price of $81.89.

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

Insider Buying and Selling at Life360

In other news, Director Alex Haro sold 1,887 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total transaction of $120,692.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Philip Coghlan sold 3,125 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $77.22, for a total value of $241,312.50. Following the completion of the sale, the director directly owned 12,110 shares in the company, valued at approximately $935,134.20. This trade represents a 20.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 613,022 shares of company stock worth $47,501,677.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Invesco Ltd. bought a new stake in shares of Life360 during the first quarter valued at about $540,000. Nuveen LLC acquired a new position in Life360 during the 1st quarter valued at about $905,000. Jacobs Levy Equity Management Inc. raised its position in shares of Life360 by 596.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 139,817 shares of the company’s stock worth $5,368,000 after buying an additional 119,753 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Life360 by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after acquiring an additional 378 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Life360 by 12.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock worth $5,327,000 after acquiring an additional 15,420 shares during the period. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.