Life360, Inc. (NASDAQ:LIF) General Counsel Sells $20,145.00 in Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of Life360 stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $40.29, for a total value of $20,145.00. Following the completion of the sale, the general counsel now owns 86,252 shares in the company, valued at approximately $3,475,093.08. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Life360 Trading Down 2.6 %

LIF stock opened at $39.59 on Friday. The firm has a 50 day moving average price of $43.98 and a 200-day moving average price of $42.72. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $52.76.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The firm had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. Research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life360

A number of hedge funds have recently added to or reduced their stakes in the company. Wealthstream Advisors Inc. purchased a new stake in Life360 during the 3rd quarter valued at $35,538,000. Franklin Resources Inc. lifted its holdings in shares of Life360 by 402.9% during the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock valued at $22,269,000 after purchasing an additional 432,292 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Life360 during the third quarter valued at $7,995,000. Marshall Wace LLP increased its holdings in Life360 by 86.2% in the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock worth $16,975,000 after buying an additional 190,422 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in Life360 by 1,233.3% in the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company’s stock worth $8,286,000 after buying an additional 185,722 shares during the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on LIF. Canaccord Genuity Group raised their price target on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. JMP Securities raised their target price on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Finally, UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Life360 has an average rating of “Buy” and a consensus target price of $47.63.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.