Life360 (NASDAQ:LIF) Director Charles Prober Sells 7,930 Shares

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $76.93, for a total value of $610,054.90. Following the transaction, the director owned 105,456 shares of the company’s stock, valued at $8,112,730.08. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Life360 Stock Down 0.4%

Life360 stock opened at $69.79 on Tuesday. The company’s 50 day simple moving average is $96.63 and its 200 day simple moving average is $79.18. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 205.26 and a beta of 3.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.03 by $0.08. The firm had revenue of $124.50 million during the quarter, compared to the consensus estimate of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. Life360 has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund lifted its holdings in shares of Life360 by 433.3% in the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock valued at $123,000 after purchasing an additional 2,600 shares in the last quarter. Victory Capital Management Inc. raised its position in Life360 by 2,245.1% in the 1st quarter. Victory Capital Management Inc. now owns 189,645 shares of the company’s stock valued at $7,280,000 after buying an additional 181,558 shares during the last quarter. Federated Hermes Inc. lifted its stake in Life360 by 75.6% in the 1st quarter. Federated Hermes Inc. now owns 48,773 shares of the company’s stock valued at $1,872,000 after acquiring an additional 21,004 shares in the last quarter. Vanguard Group Inc. boosted its position in Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock worth $218,194,000 after acquiring an additional 5,540,302 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Life360 by 24.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 52,450 shares of the company’s stock worth $2,014,000 after acquiring an additional 10,264 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LIF shares. Evercore ISI raised their price objective on Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. JMP Securities increased their price target on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 12th. Canaccord Genuity Group raised their price target on Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Citigroup reiterated a “market outperform” rating on shares of Life360 in a report on Tuesday, November 11th. Finally, Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

About Life360

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.