James Synge Sells 27,466 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 27,466 shares of Life360 stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the transaction, the director owned 191,694 shares of the company’s stock, valued at $8,493,961.14. This represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 25th, James Synge sold 5,833 shares of Life360 stock. The stock was sold at an average price of $45.05, for a total transaction of $262,776.65.

Life360 Price Performance

Shares of NASDAQ LIF opened at $43.49 on Friday. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 25.43 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The firm’s 50-day simple moving average is $52.63 and its 200 day simple moving average is $47.32.

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

Hedge Funds Weigh In On Life360

Hedge funds and other institutional investors have recently modified their holdings of the business. Wilson Asset Management International PTY Ltd. increased its position in shares of Life360 by 108.6% during the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company’s stock valued at $3,207,000 after acquiring an additional 26,028 shares during the last quarter. California State Teachers Retirement System boosted its position in Life360 by 23.5% in the first quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock worth $3,536,000 after purchasing an additional 16,461 shares during the last quarter. Greenspring Advisors LLC bought a new position in Life360 in the 4th quarter valued at $21,720,000. XY Capital Ltd bought a new position in Life360 in the 4th quarter valued at $6,063,000. Finally, Milford Funds Ltd. purchased a new stake in shares of Life360 during the 4th quarter valued at $9,604,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LIF shares. Citigroup decreased their price target on Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a report on Thursday, August 13th. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Morgan Stanley set a $65.20 price objective on shares of Life360 in a report on Wednesday, August 12th. DA Davidson upped their target price on shares of Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, UBS Group lowered their target price on shares of Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.72.

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.