Life360 (NASDAQ:LIF) Director Sells $167,880.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of Life360 stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the transaction, the director directly owned 16,431 shares in the company, valued at approximately $689,609.07. The trade was a 19.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction 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 transaction of $224,280.00.

Life360 Stock Up 1.6%

LIF traded up $0.71 during trading on Thursday, hitting $43.88. The stock had a trading volume of 430,290 shares, compared to its average volume of 1,026,910. The company has a market capitalization of $3.58 billion, a PE ratio of 25.66 and a beta of 2.25. Life360, Inc. has a twelve month low of $37.01 and a twelve month 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 stock has a 50 day simple moving average of $52.30 and a two-hundred day simple moving average of $47.05.

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 the consensus estimate of $0.08 by ($0.02). The firm had revenue of $158.96 million during the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. On average, research analysts predict that Life360, Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup decreased their price target on Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research note on Thursday, August 13th. Bank of America boosted their price target on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Wall Street Zen downgraded shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Evercore set a $68.00 target price on shares of Life360 in a research note on Tuesday, May 12th. Finally, Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Life360 presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.72.

Institutional Trading of Life360

Several large investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new position in shares of Life360 in the fourth quarter valued at about $26,000. MCF Advisors LLC purchased a new position in shares of Life360 in the fourth quarter worth about $32,000. NewEdge Advisors LLC acquired a new stake in shares of Life360 during the third quarter worth about $32,000. IFP Advisors Inc acquired a new stake in shares of Life360 during the third quarter worth about $47,000. Finally, Advisors Asset Management Inc. boosted its position in Life360 by 136.6% in the fourth quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after buying an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.