Life360 (NASDAQ:LIF) Director Chris Hulls Sells 1,846 Shares

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 1,846 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total transaction of $118,070.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Chris Hulls also recently made the following trade(s):

• On Tuesday, November 25th, Chris Hulls sold 311,749 shares of Life360 stock. The stock was sold at an average price of $77.10, for a total transaction of $24,035,847.90.
• On Wednesday, November 26th, Chris Hulls sold 120,000 shares of Life360 stock. The stock was sold at an average price of $78.70, for a total value of $9,444,000.00.

Life360 Stock Performance

Shares of LIF traded up $2.65 during trading hours on Thursday, hitting $63.08. The stock had a trading volume of 1,128,758 shares, compared to its average volume of 881,027. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 185.53 and a beta of 3.60. The firm has a 50-day moving average price of $82.27 and a 200 day moving average price of $81.45.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. As a group, research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

LIF has been the subject of a number of research reports. DA Davidson began coverage on shares of Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 price target for the company. Zacks Research cut Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of Life360 in a research report on Tuesday. Finally, Stifel Nicolaus set a $92.00 target price on shares of Life360 in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Life360 presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.63.

Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Life360 by 18.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after purchasing an additional 1,260,236 shares during the last quarter. Norges Bank bought a new stake in Life360 during the 2nd quarter valued at $60,369,000. Franklin Resources Inc. lifted its position in shares of Life360 by 86.3% during the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after acquiring an additional 352,110 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Life360 by 158.4% in the third quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after acquiring an additional 459,463 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Life360 by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock valued at $44,844,000 after purchasing an additional 137,997 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.