Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick Sells 2,822 Shares

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 2,822 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the transaction, the general counsel now directly owns 86,752 shares in the company, valued at $3,650,524.16. The trade was a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Life360 Stock Down 3.9 %

Life360 stock opened at $42.23 on Tuesday. The business has a 50 day moving average price of $44.05 and a two-hundred day moving average price of $42.76. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.76.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. Equities research analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Life360

Large investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new position in Life360 in the 4th quarter valued at approximately $25,000. Summit Investment Advisors Inc. raised its holdings in shares of Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after buying an additional 484 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Life360 in the 3rd quarter worth approximately $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 in the 3rd quarter worth approximately $139,000. Finally, KBC Group NV acquired a new position in shares of Life360 in the 4th quarter worth approximately $147,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Ratings Changes

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

About Life360

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.