Life360 (NASDAQ:LIF) Director Sells $491,501.40 in Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $61.98, for a total value of $491,501.40. Following the transaction, the director directly owned 105,456 shares of the company’s stock, valued at $6,536,162.88. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Life360 Stock Performance

NASDAQ:LIF traded up $0.16 during midday trading on Thursday, reaching $59.79. 951,933 shares of the company traded hands, compared to its average volume of 742,390. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 175.85 and a beta of 3.79. The company has a fifty day moving average price of $70.53 and a 200 day moving average price of $81.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $112.54.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LIF shares. Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Stifel Nicolaus set a $92.00 price objective on shares of Life360 in a report on Tuesday, December 9th. UBS Group lowered their target price on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. DA Davidson assumed coverage on shares of Life360 in a report on Thursday, December 11th. They issued a “buy” rating and a $94.00 price objective for the company. Finally, Zacks Research lowered shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Life360 currently has an average rating of “Moderate Buy” and a consensus target price of $92.31.

Institutional Investors Weigh In On Life360

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Life360 by 18.0% in the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock worth $879,305,000 after acquiring an additional 1,260,236 shares in the last quarter. Norges Bank acquired a new position in shares of Life360 during the 2nd quarter valued at about $60,369,000. Citigroup Inc. lifted its holdings in Life360 by 158.4% in the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after purchasing an additional 459,463 shares during the last quarter. American Century Companies Inc. bought a new stake in Life360 during the third quarter valued at about $44,632,000. Finally, Franklin Resources Inc. increased its stake in shares of Life360 by 86.3% in the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after purchasing an additional 352,110 shares during the period. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Company Profile

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.