Life360 (NASDAQ:LIF) Director James Synge Sells 5,833 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 5,833 shares of Life360 stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $45.05, for a total value of $262,776.65. Following the sale, the director directly owned 219,160 shares of the company’s stock, valued at $9,873,158. This represents a 2.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, August 26th, James Synge sold 27,466 shares of Life360 stock. The shares were sold at an average price of $44.31, for a total transaction of $1,217,018.46.

Life360 Trading Up 1.9%

LIF stock opened at $44.26 on Friday. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The company has a market capitalization of $3.61 billion, a PE ratio of 25.88 and a beta of 2.35. The company’s 50-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 quick ratio of 5.46 and a current ratio of 5.60.

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). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The business had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. As a group, sell-side analysts anticipate that Life360, Inc. will post 0.53 earnings per share for the current year.

Institutional Trading of Life360

Several large investors have recently made changes to their positions in LIF. Strive Financial Group LLC acquired a new position in Life360 during the fourth quarter valued at approximately $26,000. MCF Advisors LLC bought a new stake in Life360 during the fourth quarter worth $32,000. NewEdge Advisors LLC acquired a new stake in shares of Life360 in the 3rd quarter valued at $32,000. IFP Advisors Inc acquired a new stake in shares of Life360 in the 3rd quarter valued at $47,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Life360 by 136.6% in the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after purchasing an additional 519 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LIF. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research note on Tuesday, May 12th. Weiss Ratings raised Life360 from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Evercore set a $68.00 target price on Life360 in a research report on Tuesday, May 12th. Finally, DA Davidson increased their target price on Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Life360 presently has a consensus 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.