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

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of Life360 stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $43.29, for a total value of $343,289.70. Following the completion of the sale, the director directly owned 109,930 shares of the company’s stock, valued at $4,758,869.70. The trade was a 6.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life360 Price Performance

LIF stock opened at $42.14 on Friday. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.43 billion, a PE ratio of 24.64 and a beta of 2.27. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $100.18. The business’s fifty day moving average price is $44.08 and its 200 day moving average price is $46.28.

Life360 (NASDAQ:LIF) last posted its earnings results on Monday, August 10th. The company reported $0.06 earnings per share (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 for the quarter, compared to analyst estimates of $156.68 million. On average, sell-side analysts anticipate that Life360, Inc. will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Life360 by 44.0% in the second quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock valued at $103,000 after purchasing an additional 569 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Life360 during the 1st quarter worth $76,000. Royal Bank of Canada raised its stake in Life360 by 85.5% during the 1st quarter. Royal Bank of Canada now owns 2,059 shares of the company’s stock worth $84,000 after acquiring an additional 949 shares in the last quarter. Nykredit A S acquired a new stake in Life360 during the 2nd quarter worth $126,000. Finally, Quantbot Technologies LP purchased a new stake in Life360 in the second quarter valued at $178,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LIF shares. Citigroup reduced their price objective on Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Bank of America lifted their price objective on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. DA Davidson reissued a “neutral” rating and set a $40.00 price objective on shares of Life360 in a research report on Tuesday, September 29th. Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Wall Street Zen upgraded shares of Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.94.

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.