Life360 (NASDAQ:LIF) Director Sells $385,318.70 in Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $48.59, for a total transaction of $385,318.70. Following the sale, the director owned 109,930 shares of the company’s stock, valued at approximately $5,341,498.70. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Performance

Shares of LIF stock opened at $43.19 on Thursday. The company’s fifty day simple moving average is $53.05 and its 200-day simple moving average is $47.84. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.52 billion, a PE ratio of 25.26 and a beta of 2.35.

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

Analyst Upgrades and Downgrades

LIF has been the subject of a number of recent research reports. Bank of America increased their target price on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. UBS Group decreased their price target on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Citigroup lowered their price objective on shares of Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Life360 in a research note on Friday, August 7th. Finally, Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.72.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after purchasing an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 valued at $5,327,000 after purchasing an additional 15,420 shares in the last quarter. Strs Ohio purchased a new position in shares of Life360 during the 1st quarter valued at approximately $157,000. New York State Common Retirement Fund grew its position in shares of Life360 by 59.4% during the second quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock worth $333,000 after buying an additional 1,900 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Life360 by 1,065.1% in the second quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock worth $10,699,000 after buying an additional 149,896 shares during the last quarter. Institutional investors and hedge funds 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.