Life360, Inc. (NASDAQ:LIF) Short Interest Up 48.7% in August

Life360, Inc. (NASDAQ:LIF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 179,900 shares, a growth of 48.7% from the August 15th total of 121,000 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 259,900 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

LIF has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price target (up from $37.00) on shares of Life360 in a research note on Friday, August 9th. UBS Group boosted their target price on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Jefferies Financial Group initiated coverage on shares of Life360 in a research note on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. Evercore ISI raised shares of Life360 to a “strong-buy” rating and set a $37.00 price objective for the company in a research note on Monday, June 17th. Finally, Canaccord Genuity Group upgraded Life360 to a “strong-buy” rating in a report on Monday, June 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Life360 currently has a consensus rating of “Buy” and a consensus target price of $39.75.

Insiders Place Their Bets

In other Life360 news, Director James Synge sold 3,471 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the sale, the director now owns 67,102 shares of the company’s stock, valued at $2,505,588.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director James Synge sold 3,471 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the transaction, the director now directly owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles J. Prober sold 40,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the transaction, the director now directly owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,088 shares of company stock worth $2,672,781.

Institutional Trading of Life360

Several large investors have recently bought and sold shares of LIF. Regal Partners Ltd purchased a new position in Life360 in the 2nd quarter valued at about $23,635,000. Millennium Management LLC purchased a new position in Life360 in the second quarter valued at about $11,861,000. Ghisallo Capital Management LLC purchased a new position in Life360 in the second quarter valued at about $8,098,000. Emerald Advisers LLC acquired a new stake in Life360 during the 2nd quarter valued at approximately $6,777,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Life360 during the 2nd quarter worth approximately $5,488,000.

Life360 Trading Down 0.4 %

Life360 stock traded down $0.15 during trading on Monday, reaching $34.00. 165,103 shares of the company’s stock were exchanged, compared to its average volume of 265,868. Life360 has a 52-week low of $26.00 and a 52-week high of $41.17. The business’s 50-day simple moving average is $34.87.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $84.86 million during the quarter, compared to the consensus estimate of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. Analysts forecast that Life360 will post -0.29 earnings per share for the current year.

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.