Life360 (NASDAQ:LIF) Shares Gap Down – Time to Sell?

Life360, Inc. (NASDAQ:LIF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $93.30, but opened at $84.13. Life360 shares last traded at $72.6090, with a volume of 718,684 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut Life360 from a “buy” rating to a “hold” rating and set a $92.00 price target for the company. in a research report on Friday, October 24th. UBS Group lifted their target price on shares of Life360 from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Citigroup reaffirmed a “market outperform” rating on shares of Life360 in a report on Tuesday. Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JMP Securities lifted their price objective on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.43.

Life360 Stock Performance

The company’s fifty day moving average price is $98.55 and its two-hundred day moving average price is $78.09. The firm has a market capitalization of $5.64 billion, a PE ratio of 227.46 and a beta of 3.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. The business had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Life360 had a return on equity of 7.65% and a net margin of 6.45%. Life360 has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling at Life360

In other news, Director Mark Goines sold 20,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $86.87, for a total value of $1,737,400.00. Following the completion of the transaction, the director directly owned 71,809 shares in the company, valued at approximately $6,238,047.83. This represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell John Burke sold 16,287 shares of Life360 stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the sale, the chief financial officer directly owned 63,030 shares in the company, valued at $5,699,172.60. This trade represents a 20.53% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 157,729 shares of company stock worth $14,084,103. Corporate insiders own 8.00% of the company’s stock.

Institutional Trading of Life360

A number of hedge funds and other institutional investors have recently modified their holdings of LIF. Teacher Retirement System of Texas increased its holdings in Life360 by 81.8% in the first quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company’s stock valued at $513,000 after buying an additional 6,014 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Life360 during the 2nd quarter valued at approximately $344,000. Invesco Ltd. bought a new position in Life360 during the first quarter worth $540,000. Federated Hermes Inc. boosted its holdings in Life360 by 75.6% in the first quarter. Federated Hermes Inc. now owns 48,773 shares of the company’s stock worth $1,872,000 after purchasing an additional 21,004 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Life360 by 320.0% during the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company’s stock worth $21,087,000 after acquiring an additional 418,493 shares during the period. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.