James Synge Sells 5,833 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 5,833 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $45.05, for a total value of $262,776.65. Following the sale, the director owned 219,160 shares of the company’s stock, valued at $9,873,158. The trade was a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, August 26th, James Synge sold 27,466 shares of Life360 stock. The shares were sold at an average price of $44.31, for a total value of $1,217,018.46.

Life360 Trading Down 1.7%

Shares of LIF opened at $43.49 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 25.43 and a beta of 2.35. The business’s fifty day moving average is $52.63 and its 200-day moving average is $47.32.

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

Hedge Funds Weigh In On Life360

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its holdings in Life360 by 5,442.5% in the second quarter. California State Teachers Retirement System now owns 4,801,705 shares of the company’s stock valued at $265,822,000 after acquiring an additional 4,715,070 shares during the last quarter. Norges Bank acquired a new position in shares of Life360 in the 4th quarter worth approximately $47,097,000. Principal Financial Group Inc. boosted its stake in shares of Life360 by 455.0% in the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after purchasing an additional 379,941 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Life360 by 86.3% during the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock worth $80,801,000 after buying an additional 352,110 shares during the period. Finally, Greenspring Advisors LLC acquired a new stake in shares of Life360 during the fourth quarter worth $21,720,000. 20.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LIF. Evercore set a $68.00 target price on shares of Life360 in a research report on Tuesday, May 12th. Citigroup dropped 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. Morgan Stanley set a $65.20 price objective on Life360 in a report on Wednesday, August 12th. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised Life360 from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. One research 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 stock. According to MarketBeat, Life360 presently has a consensus rating of “Moderate Buy” and an average target price of $60.72.

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.