Brit Morin Sells 4,655 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Brit Morin sold 4,655 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $55.00, for a total transaction of $256,025.00. Following the completion of the transaction, the director owned 25,975 shares in the company, valued at $1,428,625. This represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

LIF opened at $57.71 on Friday. The company has a fifty day moving average price of $45.43 and a two-hundred day moving average price of $49.87. The firm has a market capitalization of $4.68 billion, a PE ratio of 33.36 and a beta of 2.34. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37.

Analyst Ratings Changes

Several equities analysts have weighed in on LIF shares. Evercore set a $68.00 target price on Life360 in a research note on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price target on Life360 in a research note on Tuesday, May 12th. Macquarie Infrastructure initiated coverage on shares of Life360 in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price target on the stock. Bank of America started coverage on shares of Life360 in a research note on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.17.

Institutional Trading of Life360

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC bought a new stake in Life360 in the 3rd quarter valued at $32,000. Strive Financial Group LLC bought a new position in Life360 during the 4th quarter worth about $26,000. IFP Advisors Inc acquired a new stake in shares of Life360 in the 3rd quarter valued at about $47,000. MCF Advisors LLC acquired a new stake in shares of Life360 in the 4th quarter valued at about $32,000. Finally, Advisory Services Network LLC bought a new stake in shares of Life360 in the third quarter valued at about $80,000. 20.00% of the stock is currently 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.