John Philip Coghlan Sells 4,000 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of Life360 stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $41.97, for a total value of $167,880.00. Following the transaction, the director owned 16,431 shares in the company, valued at approximately $689,609.07. This represents a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Philip Coghlan also recently made the following trade(s):

• On Monday, August 3rd, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $54.82, for a total value of $219,280.00.
• On Wednesday, July 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $56.07, for a total value of $224,280.00.

Life360 Price Performance

Shares of LIF opened at $44.17 on Friday. The stock has a 50 day simple moving average of $52.02 and a 200 day simple moving average of $46.99. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The firm has a market capitalization of $3.60 billion, a PE ratio of 25.83 and a beta of 2.24.

Life360 (NASDAQ:LIF) last announced its earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. Sell-side analysts predict that Life360, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LIF shares. DA Davidson upped their target price on shares of Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Evercore set a $68.00 price target on Life360 in a research note on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price target on Life360 in a report on Tuesday, May 12th. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Morgan Stanley set a $65.20 price target on shares of Life360 in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Life360 presently has an average rating of “Moderate Buy” and an average price target of $60.72.

Institutional Investors Weigh In On Life360

Several large investors have recently made changes to their positions in the stock. Strive Financial Group LLC acquired a new position in Life360 during the fourth quarter worth $26,000. MCF Advisors LLC acquired a new stake in Life360 in the fourth quarter valued at $32,000. NewEdge Advisors LLC bought a new position in shares of Life360 in the 3rd quarter valued at about $32,000. IFP Advisors Inc bought a new position in shares of Life360 in the 3rd quarter valued at about $47,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Life360 by 136.6% during the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock worth $58,000 after purchasing an additional 519 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

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.