Mark Goines Sells 15,000 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 15,000 shares of Life360 stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $74.19, for a total transaction of $1,112,850.00. Following the completion of the transaction, the director directly owned 56,809 shares of the company’s stock, valued at approximately $4,214,659.71. This trade represents a 20.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Life360 Stock Performance

Shares of NASDAQ LIF traded up $2.48 during midday trading on Friday, hitting $78.00. 712,622 shares of the company’s stock were exchanged, compared to its average volume of 760,557. The company’s 50 day moving average price is $90.00 and its 200 day moving average price is $80.99. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $112.54. The firm has a market capitalization of $6.12 billion, a PE ratio of 229.41 and a beta of 3.60. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.03 by $0.08. The firm had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. As a group, analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Life360

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock valued at $28,000 after acquiring an additional 239 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Life360 in the 3rd quarter valued at $32,000. CWM LLC increased its stake in shares of Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Life360 during the 3rd quarter worth $47,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Life360 by 1,663.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock worth $55,000 after buying an additional 499 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LIF. UBS Group lowered their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Evercore ISI lifted their price objective on shares of Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Wall Street Zen raised shares of Life360 from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Citigroup reiterated a “market outperform” rating on shares of Life360 in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

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.