Life360 (NASDAQ:LIF) Stock Price Down 6.1% – Time to Sell?

Shares of Life360, Inc. (NASDAQ:LIF) traded down 6.1% during trading on Wednesday . The stock traded as low as $58.85 and last traded at $60.3150. 475,732 shares were traded during trading, a decline of 38% from the average session volume of 762,978 shares. The stock had previously closed at $64.25.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LIF. Zacks Research lowered shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. UBS Group reduced their price target on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Wall Street Zen lowered shares of Life360 from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup reiterated a “market outperform” rating on shares of Life360 in a research note on Tuesday, November 11th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 target price on shares of Life360 in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.63.

Life360 Price Performance

The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average price is $84.10 and its two-hundred day moving average price is $81.73. The stock has a market capitalization of $4.65 billion, a PE ratio of 174.76 and a beta of 3.60.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The company had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $119.26 million. On average, equities analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Transactions at Life360

In related news, Director Chris Hulls sold 311,749 shares of Life360 stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $77.10, for a total value of $24,035,847.90. Following the completion of the sale, the director owned 469,749 shares of the company’s stock, valued at $36,217,647.90. The trade was a 39.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alex Haro sold 100,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $76.45, for a total value of $7,645,000.00. Following the completion of the transaction, the director directly owned 861,315 shares in the company, valued at approximately $65,847,531.75. This represents a 10.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 601,939 shares of company stock worth $46,929,140.

Hedge Funds Weigh In On Life360

Several institutional investors have recently made changes to their positions in LIF. Janney Montgomery Scott LLC purchased a new stake in Life360 during the second quarter valued at approximately $344,000. Invesco Ltd. bought a new stake in shares of Life360 during the 1st quarter valued at $540,000. Wilson Asset Management International PTY Ltd. grew its position in shares of Life360 by 11.2% during the 2nd quarter. Wilson Asset Management International PTY Ltd. now owns 69,975 shares of the company’s stock valued at $4,566,000 after acquiring an additional 7,043 shares during the period. Deutsche Bank AG increased its stake in shares of Life360 by 133.4% in the 1st quarter. Deutsche Bank AG now owns 9,650 shares of the company’s stock worth $370,000 after purchasing an additional 5,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Life360 by 24.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 52,450 shares of the company’s stock worth $2,014,000 after purchasing an additional 10,264 shares during the period. Institutional investors own 20.00% of the company’s stock.

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.