Life360 (NASDAQ:LIF) Director Sells $161,480.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $40.37, for a total value of $161,480.00. Following the completion of the sale, the director directly owned 12,431 shares in the company, valued at approximately $501,839.47. This trade represents a 24.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Philip Coghlan also recently made the following trade(s):

• On Tuesday, September 1st, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $41.97, for a total value of $167,880.00.
• On Monday, August 3rd, John Coghlan sold 4,000 shares of Life360 stock. The stock was sold at an average price of $54.82, for a total value of $219,280.00.

Life360 Stock Performance

LIF stock traded down $0.53 during mid-day trading on Monday, reaching $42.57. The company had a trading volume of 606,631 shares, compared to its average volume of 978,701. The stock’s 50-day simple moving average is $46.80 and its two-hundred day simple moving average is $46.15. The stock has a market capitalization of $3.47 billion, a P/E ratio of 24.89 and a beta of 2.27. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LIF shares. UBS Group cut their price target on Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings upgraded Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Citigroup reduced their price target on Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research report on Thursday, August 13th. Wall Street Zen raised Life360 from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Finally, Morgan Stanley set a $65.20 price objective on shares of Life360 in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.94.

Hedge Funds Weigh In On Life360

Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new stake in Life360 during the second quarter valued at about $1,444,000. California State Teachers Retirement System raised its stake in Life360 by 23.5% during the 1st quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock valued at $3,536,000 after purchasing an additional 16,461 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Life360 in the second quarter valued at $15,547,000. XY Capital Ltd purchased a new stake in shares of Life360 in the fourth quarter valued at $6,063,000. Finally, Milford Funds Ltd. acquired a new stake in shares of Life360 in the fourth quarter worth $9,604,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

Life360, Inc is a technology company that develops products designed to help families and groups stay connected, coordinate activities and improve personal safety. Its flagship Life360 mobile application provides location sharing, communication tools, driving-related features, emergency assistance and other services intended for family and community use.

The company also operates Tile, a brand of Bluetooth-enabled item-finding devices and related software that helps users locate keys, luggage, electronics and other belongings.