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

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $100.24, for a total transaction of $794,903.20. Following the completion of the sale, the director owned 105,456 shares in the company, valued at $10,570,909.44. This represents a 6.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Life360 Trading Down 0.2%

Shares of LIF opened at $102.92 on Friday. The company’s fifty day moving average is $84.81 and its 200 day moving average is $62.15. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $107.34. The stock has a market capitalization of $7.98 billion, a PE ratio of 321.64 and a beta of 3.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $115.38 million during the quarter, compared to analyst estimates of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Life360 has set its FY 2025 guidance at EPS. Sell-side analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life360

Hedge funds have recently modified their holdings of the stock. Keystone Financial Group Inc. acquired a new position in shares of Life360 during the second quarter valued at about $62,000. State of Wyoming acquired a new position in shares of Life360 during the second quarter valued at about $96,000. Ameritas Investment Partners Inc. increased its holdings in shares of Life360 by 53.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company’s stock valued at $107,000 after acquiring an additional 570 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Life360 during the second quarter valued at about $137,000. Finally, GAMMA Investing LLC increased its holdings in shares of Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock valued at $84,000 after acquiring an additional 2,116 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LIF. Wall Street Zen raised shares of Life360 from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Stifel Nicolaus boosted their target price on shares of Life360 from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. UBS Group boosted their target price on shares of Life360 from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Citigroup started coverage on shares of Life360 in a research note on Thursday, July 31st. They set a “buy” rating and a $90.00 target price for the company. Finally, Evercore ISI boosted their target price on shares of Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $91.43.

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.