Life360 (NASDAQ:LIF) Director Brit Morin Sells 4,655 Shares

Life360, Inc. (NASDAQ:LIF) Director Brit Morin sold 4,655 shares of Life360 stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $55.00, for a total value of $256,025.00. Following the completion of the sale, the director directly owned 25,975 shares in the company, valued at approximately $1,428,625. The trade was a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

Life360 stock opened at $57.33 on Thursday. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average is $45.19 and its 200 day moving average is $49.94. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 33.14 and a beta of 2.33.

Hedge Funds Weigh In On Life360

Several hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in Life360 in the 1st quarter worth about $76,000. Bank of America Corp DE grew its stake in shares of Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock valued at $16,626,000 after buying an additional 308,632 shares during the last quarter. Amundi purchased a new stake in shares of Life360 in the first quarter worth approximately $206,000. California State Teachers Retirement System raised its holdings in shares of Life360 by 23.5% in the first quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock worth $3,536,000 after buying an additional 16,461 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Life360 by 85.5% during the 1st quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock worth $84,000 after acquiring an additional 949 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LIF shares. DA Davidson increased their price target on shares of Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. UBS Group reduced their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research note on Tuesday, May 12th. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.17.

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.