Insider Selling: Life360, Inc. (NASDAQ:LIF) Director Sells 25,000 Shares of Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director James Synge sold 25,000 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $43.43, for a total value of $1,085,750.00. Following the completion of the sale, the director now owns 241,944 shares in the company, valued at $10,507,627.92. This represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Life360 Stock Performance

LIF stock traded down $0.08 on Wednesday, hitting $40.63. 536,633 shares of the company were exchanged, compared to its average volume of 292,618. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.76. The business's fifty day moving average is $44.02 and its two-hundred day moving average is $42.75.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.10 EPS 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 analyst estimates of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. Sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

LIF has been the subject of several analyst reports. UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and boosted their target price for the company from $52.00 to $55.00 in a research note on Friday, January 17th. JMP Securities upped their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their target price on shares of Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Life360 presently has an average rating of "Buy" and a consensus target price of $47.63.

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Institutional Investors Weigh In On Life360

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new stake in shares of Life360 during the 4th quarter worth about $25,000. Summit Investment Advisors Inc. grew its stake in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after buying an additional 484 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Life360 in the third quarter worth $98,000. MetLife Investment Management LLC purchased a new position in shares of Life360 in the 3rd quarter valued at $139,000. Finally, KBC Group NV acquired a new position in shares of Life360 during the 4th quarter valued at $147,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

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.

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