James Synge Sells 5,833 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 5,833 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.05, for a total transaction of $262,776.65. Following the transaction, the director directly owned 219,160 shares of the company’s stock, valued at approximately $9,873,158. This represents a 2.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

James Synge also recently made the following trade(s):

• On Wednesday, August 26th, James Synge sold 27,466 shares of Life360 stock. The stock was sold at an average price of $44.31, for a total transaction of $1,217,018.46.

Life360 Price Performance

NASDAQ LIF traded up $0.84 on Thursday, hitting $44.26. The stock had a trading volume of 491,090 shares, compared to its average volume of 1,041,401. The firm has a 50-day moving average of $52.83 and a 200-day moving average of $47.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 25.88 and a beta of 2.35.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $158.96 million for the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Equities analysts expect that Life360, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LIF shares. Citigroup decreased their target price on Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Evercore set a $68.00 price objective on Life360 in a research note on Tuesday, May 12th. Morgan Stanley set a $65.20 price objective on Life360 in a report on Wednesday, August 12th. Finally, Canaccord Genuity Group set a $72.00 target price on Life360 in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Life360 presently has an average rating of “Moderate Buy” and an average target price of $60.72.

Institutional Investors Weigh In On Life360

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new position in shares of Life360 in the third quarter valued at about $32,000. Strive Financial Group LLC bought a new stake in shares of Life360 in the fourth quarter worth about $26,000. IFP Advisors Inc bought a new stake in shares of Life360 in the third quarter worth about $47,000. MCF Advisors LLC purchased a new position in Life360 during the 4th quarter valued at about $32,000. Finally, Advisory Services Network LLC purchased a new position in Life360 during the 3rd quarter valued at about $80,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.