Life360 (NASDAQ:LIF) Shares Down 10.7% – Should You Sell?

Life360, Inc. (NASDAQ:LIF) fell 10.7% during trading on Tuesday . The stock traded as low as $38.56 and last traded at $38.6450. 1,013,562 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 1,224,145 shares. The stock had previously closed at $43.28.

Analyst Upgrades and Downgrades

LIF has been the subject of a number of recent research reports. Canaccord Genuity Group set a $72.00 target price on Life360 in a research note on Tuesday. UBS Group cut their target price on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday. Stifel Nicolaus cut their target price on Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 27th. Bank of America initiated coverage on Life360 in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 target price for the company. Finally, Macquarie Infrastructure initiated coverage on Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.94.

Life360 Stock Down 0.2%

The business has a 50-day moving average of $42.50 and a 200-day moving average of $58.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 6.16 and a current ratio of 5.37. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 23.16 and a beta of 2.81.

Insiders Place Their Bets

In related news, Director Chris Hulls sold 16,105 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $45.51, for a total transaction of $732,938.55. Following the completion of the sale, the director directly owned 399,809 shares of the company’s stock, valued at approximately $18,195,307.59. This trade represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lauren Antonoff sold 2,716 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $45.23, for a total value of $122,844.68. Following the sale, the chief executive officer directly owned 309,781 shares of the company’s stock, valued at $14,011,394.63. The trade was a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 67,037 shares of company stock valued at $2,859,432 over the last 90 days. Company insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Life360

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strive Financial Group LLC purchased a new position in Life360 during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. boosted its holdings in Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after acquiring an additional 239 shares during the period. MCF Advisors LLC purchased a new position in Life360 during the 4th quarter valued at about $32,000. NewEdge Advisors LLC purchased a new position in Life360 during the 3rd quarter valued at about $32,000. Finally, CWM LLC boosted its holdings in Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after acquiring an additional 160 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

About Life360

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.