Life360 (NASDAQ:LIF) Director Charles Prober Sells 7,930 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $42.12, for a total transaction of $334,011.60. Following the completion of the sale, the director directly owned 109,930 shares of the company’s stock, valued at approximately $4,630,251.60. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Stock Down 3.5%

LIF stock opened at $40.71 on Thursday. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 23.81 and a beta of 2.24. The business’s 50 day moving average price is $49.78 and its two-hundred day moving average price is $46.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Morgan Stanley set a $65.20 price target on shares of Life360 in a research report on Wednesday, August 12th. DA Davidson lowered their price objective on Life360 from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday. UBS Group reduced 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 lowered their price target on Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Life360 currently has an average rating of “Moderate Buy” and a consensus price target of $59.94.

Hedge Funds Weigh In On Life360

Several institutional investors have recently made changes to their positions in the business. Nykredit A S bought a new position in Life360 in the second quarter worth approximately $126,000. Amundi increased its stake in shares of Life360 by 156.5% in the 2nd quarter. Amundi now owns 12,969 shares of the company’s stock worth $718,000 after purchasing an additional 7,912 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Life360 in the 2nd quarter worth $908,000. AXQ Capital LP purchased a new position in Life360 during the second quarter valued at $505,000. Finally, Greenspring Advisors LLC grew its holdings in Life360 by 5.9% during the second quarter. Greenspring Advisors LLC now owns 173,271 shares of the company’s stock valued at $9,592,000 after purchasing an additional 9,689 shares during the period. Institutional investors own 20.00% of the company’s stock.

About Life360

Life360, Inc is a technology company that develops location-based safety and coordination services for families, friends and other groups. Its primary product is the Life360 mobile application, which provides location sharing, private messaging, driving safety tools, crash detection, roadside assistance and other features designed to help users stay connected and respond to safety-related events.

The company also offers connected-device products through its Tile and Jiobit brands. Tile develops Bluetooth-enabled item trackers and related services that help users locate personal belongings, while Jiobit provides compact GPS tracking devices and services.