Life360 (NASDAQ:LIF) Director Chris Hulls Sells 1,846 Shares

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 1,846 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $118,070.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Chris Hulls also recently made the following trade(s):

• On Tuesday, November 25th, Chris Hulls sold 311,749 shares of Life360 stock. The shares were sold at an average price of $77.10, for a total transaction of $24,035,847.90.
• On Wednesday, November 26th, Chris Hulls sold 120,000 shares of Life360 stock. The shares were sold at an average price of $78.70, for a total transaction of $9,444,000.00.

Life360 Price Performance

NASDAQ:LIF opened at $63.08 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The company has a 50-day moving average of $82.27 and a 200-day moving average of $81.45. Life360, Inc. has a 52 week low of $29.62 and a 52 week high of $112.54. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 185.53 and a beta of 3.60.

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, topping the consensus estimate of $0.03 by $0.08. The firm had revenue of $124.50 million during the quarter, compared to analyst estimates of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. As a group, equities research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on LIF shares. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research report on Monday. DA Davidson initiated coverage on Life360 in a research note on Thursday, December 11th. They set a “buy” rating and a $94.00 price objective for the company. UBS Group reduced their target price on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Citigroup reaffirmed a “market outperform” rating on shares of Life360 in a report on Tuesday, November 11th. Finally, Zacks Research downgraded shares of Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.63.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LIF. Vanguard Group Inc. boosted its position in Life360 by 18.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after buying an additional 1,260,236 shares during the last quarter. Norges Bank bought a new position in Life360 in the second quarter valued at about $60,369,000. Franklin Resources Inc. increased its position in Life360 by 86.3% in the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after purchasing an additional 352,110 shares during the period. Citigroup Inc. raised 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 during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Life360 by 25.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock valued at $44,844,000 after purchasing an additional 137,997 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.