Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick Sells 500 Shares

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $63.12, for a total value of $31,560.00. Following the transaction, the general counsel now directly owns 106,922 shares of the company’s stock, valued at approximately $6,748,916.64. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Life360 Trading Down 3.4%

Shares of LIF stock opened at $61.09 on Friday. The stock has a market capitalization of $4.68 billion and a P/E ratio of 678.78. Life360, Inc. has a 12-month low of $28.89 and a 12-month high of $65.79. The firm’s 50 day moving average is $50.44 and its 200 day moving average is $45.66.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. The company had revenue of $103.62 million for the quarter, compared to the consensus estimate of $101.48 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, equities analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LIF. New York State Common Retirement Fund purchased a new position in shares of Life360 during the 4th quarter valued at about $25,000. Summit Investment Advisors Inc. grew its position in shares of Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC raised its stake in Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock valued at $84,000 after purchasing an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Life360 by 937.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after purchasing an additional 1,978 shares in the last quarter. Finally, Strs Ohio bought a new position in Life360 in the 1st quarter worth approximately $157,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group raised their price target on Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Stifel Nicolaus dropped their target price on shares of Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Loop Capital raised their price target on shares of Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Finally, Canaccord Genuity Group upped their price objective on Life360 from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $51.00.

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.