Susan L. Stick Sells 2,822 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 2,822 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the completion of the transaction, the general counsel now directly owns 86,752 shares of the company’s stock, valued at $3,650,524.16. This represents a 3.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Life360 Stock Down 3.9 %

NASDAQ:LIF traded down $1.71 during mid-day trading on Monday, reaching $42.23. The stock had a trading volume of 656,534 shares, compared to its average volume of 271,176. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $52.76. The stock’s 50 day simple moving average is $44.05 and its two-hundred day simple moving average is $42.76.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. Sell-side analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Life360

A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its position in shares of Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Life360 by 9.2% in the 4th quarter. Millennium Management LLC now owns 1,114,922 shares of the company’s stock worth $46,013,000 after acquiring an additional 94,077 shares during the period. Wealthstream Advisors Inc. acquired a new stake in shares of Life360 in the 3rd quarter worth about $35,538,000. Franklin Resources Inc. increased its holdings in shares of Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock worth $22,269,000 after acquiring an additional 432,292 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Life360 by 86.2% in the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock worth $16,975,000 after acquiring an additional 190,422 shares during the period. Institutional investors own 20.00% of the company’s stock.

Analyst Ratings Changes

LIF has been the subject of a number of analyst reports. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and increased their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th. Canaccord Genuity Group increased their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, JMP Securities increased their price target on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $47.63.

About Life360

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.