Life360 (NASDAQ:LIF) Director Sells $183,200.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of Life360 stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $45.80, for a total value of $183,200.00. Following the completion of the sale, the director directly owned 8,431 shares of the company’s stock, valued at $386,139.80. The trade was a 32.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $40.37, for a total value of $161,480.00.
• On Tuesday, September 1st, John Coghlan sold 4,000 shares of Life360 stock. The shares were sold at an average price of $41.97, for a total value of $167,880.00.

Life360 Stock Performance

LIF stock traded up $2.98 during trading on Wednesday, reaching $48.05. The stock had a trading volume of 766,925 shares, compared to its average volume of 938,570. The firm has a market cap of $3.92 billion, a PE ratio of 28.10 and a beta of 2.17. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $42.64 and its two-hundred day moving average is $47.10. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $96.66.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on LIF. UBS Group dropped their price objective on shares of Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings raised shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Citigroup decreased their price target on shares of Life360 from $60.10 to $60.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Bank of America increased their price target on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of Life360 from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.93.

Institutional Trading of Life360

Hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its stake in shares of Life360 by 872.7% in the third quarter. Sterling Capital Management LLC now owns 642 shares of the company’s stock worth $26,000 after buying an additional 576 shares during the period. GAMMA Investing LLC grew its stake in shares of Life360 by 44.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock valued at $103,000 after acquiring an additional 569 shares during the period. Pacer Advisors Inc. bought a new position in shares of Life360 during the 1st quarter valued at approximately $76,000. Royal Bank of Canada grew 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 valued at $84,000 after acquiring an additional 949 shares during the period. Finally, Nykredit A S bought a new position in shares of Life360 during the 2nd quarter valued at approximately $126,000. Institutional investors own 20.00% of the company’s stock.

About Life360

Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.

The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.