Life360 (NASDAQ:LIF) Director Sells $1,217,018.46 in Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 27,466 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the sale, the director directly owned 191,694 shares of the company’s stock, valued at $8,493,961.14. The trade was a 12.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

James Synge also recently made the following trade(s):

• On Tuesday, August 25th, James Synge sold 5,833 shares of Life360 stock. The shares were sold at an average price of $45.05, for a total transaction of $262,776.65.

Life360 Price Performance

Shares of LIF stock opened at $43.49 on Friday. The firm has a market cap of $3.54 billion, a P/E ratio of 25.43 and a beta of 2.35. 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 $112.54. The firm has a fifty day moving average of $52.63 and a two-hundred day moving average of $47.32.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $158.96 million during 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%. As a group, research analysts anticipate that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. DA Davidson increased their target price on shares of Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Evercore set a $68.00 price objective on shares of Life360 in a research report on Tuesday, May 12th. 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 research note on Tuesday, August 11th. Wall Street Zen downgraded Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Canaccord Genuity Group set a $72.00 target price on Life360 in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wilson Asset Management International PTY Ltd. raised its stake in Life360 by 108.6% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company’s stock valued at $3,207,000 after acquiring an additional 26,028 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Life360 by 23.5% during the first quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock valued at $3,536,000 after purchasing an additional 16,461 shares during the period. Greenspring Advisors LLC acquired a new position in shares of Life360 during the fourth quarter valued at $21,720,000. XY Capital Ltd acquired a new stake in Life360 in the fourth quarter worth about $6,063,000. Finally, Milford Funds Ltd. acquired a new stake in Life360 in the fourth quarter worth about $9,604,000. 20.00% of the stock is owned by institutional investors and hedge funds.

About Life360

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.