Life360 (NASDAQ:LIF) Director Sells $596,694.19 in Stock

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 15,133 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $39.43, for a total value of $596,694.19. Following the completion of the transaction, the director owned 334,319 shares of the company’s stock, valued at approximately $13,182,198.17. This represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Life360 Trading Down 0.5%

LIF opened at $40.38 on Thursday. The firm’s 50 day moving average is $50.65 and its 200-day moving average is $72.41. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $112.54. The company has a quick ratio of 6.16, a current ratio of 6.26 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $3.24 billion, a P/E ratio of 23.07 and a beta of 3.84.

Institutional Trading of Life360

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after acquiring an additional 378 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Life360 by 12.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock worth $5,327,000 after acquiring an additional 15,420 shares in the last quarter. Strs Ohio bought a new stake in shares of Life360 in the 1st quarter worth about $157,000. Geode Capital Management LLC increased its position in shares of Life360 by 35.8% in the 2nd quarter. Geode Capital Management LLC now owns 253,862 shares of the company’s stock worth $16,557,000 after purchasing an additional 66,900 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of Life360 by 64.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,654 shares of the company’s stock valued at $238,000 after purchasing an additional 1,433 shares in the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIF has been the topic of several analyst reports. DA Davidson downgraded shares of Life360 from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $40.00 in a research note on Thursday, March 19th. Stifel Nicolaus decreased their price objective on shares of Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 27th. UBS Group lowered their target price on Life360 from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Citigroup reaffirmed a “buy” rating on shares of Life360 in a research report on Tuesday, January 27th. Finally, Wall Street Zen cut Life360 from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.56.

Life360 Company Profile

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.