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

Life360, Inc. (NASDAQ:LIF) Director John Coghlan sold 4,000 shares of Life360 stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $40.37, for a total transaction of $161,480.00. Following the transaction, the director 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 document filed with the SEC, which is available 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 transaction 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

Shares of LIF stock opened at $41.24 on Thursday. 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, Inc. has a one year low of $37.01 and a one year high of $109.48. The business’s 50 day simple moving average is $45.99 and its 200 day simple moving average is $46.17. The stock has a market capitalization of $3.36 billion, a PE ratio of 24.12 and a beta of 2.27.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data 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 firm had revenue of $158.96 million during the quarter, compared to the consensus estimate of $156.68 million. As a group, 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 brokerages have weighed in on LIF. Weiss Ratings upgraded Life360 from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Wall Street Zen raised shares of Life360 from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Morgan Stanley set a $65.20 price objective on shares of Life360 in a report on Wednesday, August 12th. Bank of America increased their price objective on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Citigroup decreased their target price on Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.94.

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MCF Advisors LLC bought a new stake in Life360 during the fourth quarter worth about $32,000. GAMMA Investing LLC lifted its holdings in Life360 by 44.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock worth $103,000 after buying an additional 569 shares during the period. Pacer Advisors Inc. purchased a new stake in Life360 in the first quarter worth $76,000. Royal Bank of Canada lifted its stake in Life360 by 85.5% in the first quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock worth $84,000 after acquiring an additional 949 shares during the period. Finally, Nykredit A S bought a new stake in Life360 in the second quarter valued at $126,000. 20.00% of the stock is currently owned by institutional investors.

About Life360

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.