Life360 (NASDAQ:LIF) Director James Synge Sells 27,466 Shares

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 27,466 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $44.31, for a total value of $1,217,018.46. Following the completion of the transaction, the director owned 191,694 shares of the company’s stock, valued at approximately $8,493,961.14. The trade was a 12.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

James Synge also recently made the following trade(s):

• On Tuesday, August 25th, James Synge sold 5,833 shares of Life360 stock. The stock was sold at an average price of $45.05, for a total transaction of $262,776.65.

Life360 Stock Up 1.9%

LIF stock opened at $44.26 on Friday. The company has a market capitalization of $3.61 billion, a P/E ratio of 25.88 and a beta of 2.35. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. The firm’s fifty day simple moving average is $52.74 and its 200-day simple moving average is $47.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $158.96 million during the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. As a group, equities research analysts forecast that Life360, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore set a $68.00 price objective on shares of Life360 in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Life360 from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. UBS Group dropped their target price on Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Citigroup cut their price target on shares of Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.72.

Institutional Trading of Life360

Several institutional investors and hedge funds have recently made changes to their positions in LIF. NewEdge Advisors LLC acquired a new stake in shares of Life360 in the 3rd quarter valued at about $32,000. Strive Financial Group LLC acquired a new position in Life360 during the fourth quarter worth approximately $26,000. IFP Advisors Inc purchased a new stake in Life360 in the third quarter valued at approximately $47,000. MCF Advisors LLC purchased a new stake in Life360 in the fourth quarter valued at approximately $32,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Life360 in the third quarter valued at approximately $80,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

About Life360

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.