Insider Selling: Life360 (NASDAQ:LIF) Director Sells $491,501.40 in Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $61.98, for a total transaction of $491,501.40. Following the transaction, the director directly owned 105,456 shares of the company’s stock, valued at $6,536,162.88. This represents a 6.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Life360 Trading Down 4.9%

Shares of LIF opened at $56.84 on Friday. The stock’s 50-day moving average price is $69.21 and its 200 day moving average price is $81.78. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 167.18 and a beta of 3.79. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $112.54.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. As a group, research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LIF shares. UBS Group reduced their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Citizens Jmp cut shares of Life360 from a “market outperform” rating to a “market perform” rating in a research note on Monday, January 5th. DA Davidson began coverage on Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 target price for the company. Citigroup decreased their price target on Life360 from $96.80 to $79.50 and set a “buy” rating on the stock in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.31.

Hedge Funds Weigh In On Life360

Several institutional investors have recently bought and sold shares of LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Life360 by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after purchasing an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Life360 by 12.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock valued at $5,327,000 after buying an additional 15,420 shares during the last quarter. Strs Ohio acquired a new position in Life360 during the 1st quarter worth about $157,000. Rhumbline Advisers grew its holdings in Life360 by 28.2% during the 1st quarter. Rhumbline Advisers now owns 16,217 shares of the company’s stock worth $623,000 after acquiring an additional 3,566 shares during the last quarter. Finally, Cherrydale Wealth Management LLC bought a new stake in Life360 during the 2nd quarter worth about $268,000. Institutional investors own 20.00% of the company’s stock.

Life360 Company Profile

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.