Life360 (NASDAQ:LIF) Shares Gap Down – Should You Sell?

Life360, Inc. (NASDAQ:LIF) gapped down before the market opened on Wednesday . The stock had previously closed at $61.07, but opened at $56.60. Life360 shares last traded at $54.4670, with a volume of 68,359 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 27th. UBS Group reduced their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. DA Davidson initiated coverage on Life360 in a report on Thursday, December 11th. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, Wall Street Zen raised shares of Life360 from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Life360 Trading Down 13.5%

The company has a fifty day moving average of $65.60 and a two-hundred day moving average of $81.24. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 155.35 and a beta of 3.79. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79.

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

Insider Buying and Selling

In related news, Director Alex Haro sold 1,887 shares of Life360 stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total value of $120,692.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $77.22, for a total value of $241,312.50. Following the transaction, the director owned 12,110 shares in the company, valued at approximately $935,134.20. This represents a 20.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 605,351 shares of company stock worth $46,442,822 over the last ninety days.

Hedge Funds Weigh In On Life360

Several hedge funds have recently modified their holdings of LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after acquiring an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Life360 by 12.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock valued at $5,327,000 after purchasing an additional 15,420 shares in the last quarter. Strs Ohio acquired a new position in Life360 in the first quarter worth about $157,000. Janney Montgomery Scott LLC bought a new position in shares of Life360 during the second quarter valued at $344,000. Finally, Truist Financial Corp acquired a new position in shares of Life360 in the 2nd quarter worth approximately $1,067,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.