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

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $48.59, for a total transaction of $385,318.70. Following the completion of the sale, the director directly owned 109,930 shares in the company, valued at approximately $5,341,498.70. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Trading Down 2.0%

Shares of NASDAQ:LIF opened at $50.18 on Tuesday. The company has a market cap of $4.09 billion, a PE ratio of 29.35 and a beta of 2.35. The company’s 50-day moving average price is $53.08 and its 200 day moving average price is $48.06. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. 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 (NASDAQ:LIF) last posted its 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). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The firm had revenue of $158.96 million during the quarter, compared to the consensus estimate of $156.68 million. Sell-side analysts anticipate that Life360, Inc. will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Life360

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Canaccord Genuity Group set a $72.00 target price on Life360 in a research report on Tuesday, May 12th. DA Davidson boosted their price target on Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Life360 in a report on Friday, August 7th. Finally, Evercore set a $68.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.72.

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.