John Philip Coghlan Sells 3,125 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 3,125 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $37.86, for a total transaction of $118,312.50. Following the completion of the sale, the director now directly owns 34,286 shares of the company’s stock, valued at approximately $1,298,067.96. This trade represents a 8.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Life360 Trading Down 13.5 %

Shares of LIF opened at $31.78 on Friday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77. The firm has a 50-day simple moving average of $42.68 and a 200-day simple moving average of $43.00.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Equities research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, UBS Group raised Life360 from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $55.00 in a report on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Life360 has an average rating of “Buy” and a consensus price target of $47.63.

Hedge Funds Weigh In On Life360

A number of hedge funds and other institutional investors have recently bought and sold shares of LIF. New York State Common Retirement Fund acquired a new stake in shares of Life360 in the 4th quarter worth $25,000. Summit Investment Advisors Inc. lifted its position in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after purchasing an additional 484 shares during the period. BNP Paribas Financial Markets purchased a new stake in Life360 in the 3rd quarter valued at approximately $98,000. MetLife Investment Management LLC acquired a new position in Life360 during the 3rd quarter worth approximately $139,000. Finally, KBC Group NV purchased a new position in shares of Life360 during the 4th quarter worth approximately $147,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Company Profile

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.