Life360 (NASDAQ:LIF) Director Sells $343,289.70 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, October 13th. The stock was sold at an average price of $43.29, for a total value of $343,289.70. Following the completion of the transaction, the director owned 109,930 shares of the company’s stock, valued at $4,758,869.70. The trade was a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Trading Down 2.5%

Shares of LIF opened at $41.07 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $100.18. The company has a 50 day simple moving average of $43.64 and a two-hundred day simple moving average of $46.24. The firm has a market cap of $3.35 billion, a P/E ratio of 24.02 and a beta of 2.27.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). Life360 had a net margin of 25.73% and a return on equity of 5.66%. The company had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. On average, equities analysts expect that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Life360

A number of large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Life360 during the 1st quarter worth approximately $76,000. Royal Bank of Canada grew its holdings in shares of Life360 by 85.5% in the first quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock valued at $84,000 after purchasing an additional 949 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Life360 by 44.0% in the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock valued at $103,000 after purchasing an additional 569 shares in the last quarter. Nykredit A S purchased a new position in shares of Life360 in the second quarter valued at $126,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Life360 in the first quarter valued at $153,000. Institutional investors own 20.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LIF. Citigroup reduced their price target on shares of Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a report on Thursday, August 13th. Morgan Stanley set a $65.20 price target on shares of Life360 in a research note on Wednesday, August 12th. Wall Street Zen raised shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Bank of America increased their price objective on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, UBS Group cut their price objective on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.94.

Life360 Company Profile

Life360, Inc is a technology company that develops products designed to help families and groups stay connected, coordinate activities and improve personal safety. Its flagship Life360 mobile application provides location sharing, communication tools, driving-related features, emergency assistance and other services intended for family and community use.

The company also operates Tile, a brand of Bluetooth-enabled item-finding devices and related software that helps users locate keys, luggage, electronics and other belongings.