Life360 (NASDAQ:LIF) Director Sells 7,930 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of Life360 stock in a transaction dated 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 directly owned 109,930 shares of the company’s stock, valued at $5,341,498.70. The trade was a 6.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Performance

Life360 stock traded down $1.03 during trading hours on Monday, hitting $50.18. The company had a trading volume of 1,065,258 shares, compared to its average volume of 1,054,082. The firm has a market cap of $4.09 billion, a PE ratio of 29.35 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54. The firm has a 50-day moving average of $53.01 and a 200 day moving average of $48.14.

Life360 (NASDAQ:LIF) last posted its earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $158.96 million during 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%. On average, sell-side analysts expect that Life360, Inc. will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 worth $237,000 after buying an additional 378 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Life360 by 12.5% in the first 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 buying an additional 15,420 shares during the period. Strs Ohio bought a new position in shares of Life360 during the first quarter worth about $157,000. New York State Common Retirement Fund lifted its stake in shares of Life360 by 59.4% in the second quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock worth $333,000 after acquiring an additional 1,900 shares during the period. Finally, Invesco Ltd. boosted its holdings in Life360 by 1,065.1% in the second quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock valued at $10,699,000 after acquiring an additional 149,896 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LIF shares. Wall Street Zen lowered Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. DA Davidson lifted their target price on Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. UBS Group decreased their price target on shares of Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Bank of America raised their price target on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. One research 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 given a Sell rating to the company. According to data from MarketBeat, Life360 currently has an average rating of “Moderate Buy” and an average target price of $60.72.

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.