Life360 (NASDAQ:LIF) Director Brit Morin Sells 4,655 Shares

Life360, Inc. (NASDAQ:LIF) Director Brit Morin sold 4,655 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $55.00, for a total value of $256,025.00. Following the completion of the sale, the director owned 25,975 shares of the company’s stock, valued at approximately $1,428,625. This represents a 15.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Performance

Shares of LIF traded up $1.97 during mid-day trading on Wednesday, reaching $57.33. 1,036,429 shares of the company’s stock were exchanged, compared to its average volume of 1,115,064. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The stock has a market capitalization of $4.65 billion, a PE ratio of 33.14 and a beta of 2.63. The business’s fifty day simple moving average is $45.02 and its 200-day simple moving average is $50.03. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Life360 in a research note on Monday, June 8th. Canaccord Genuity Group set a $72.00 price target on Life360 in a research report on Tuesday, May 12th. Bank of America initiated coverage on Life360 in a research note on Wednesday, April 22nd. They set a “buy” rating and a $60.00 price objective for the company. Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Finally, DA Davidson lifted their target price on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Life360 has a consensus rating of “Moderate Buy” and a consensus target price of $64.17.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently made changes to their positions in LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Life360 by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after acquiring an additional 378 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Life360 by 12.5% in 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 valued at $5,327,000 after purchasing an additional 15,420 shares in the last quarter. Strs Ohio purchased a new stake in Life360 in the 1st quarter valued at approximately $157,000. New York State Common Retirement Fund increased its position in Life360 by 59.4% during the 2nd quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock worth $333,000 after purchasing an additional 1,900 shares during the period. Finally, Invesco Ltd. increased its position in Life360 by 1,065.1% during the 2nd quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock worth $10,699,000 after purchasing an additional 149,896 shares during the period. Hedge funds and other institutional investors own 20.00% of the company’s stock.

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.