Short Interest in Life360, Inc. (NASDAQ:LIF) Rises By 73.3%

Life360, Inc. (NASDAQ:LIF - Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,090,000 shares, a growth of 73.3% from the February 28th total of 628,800 shares. Currently, 1.6% of the company's stock are sold short. Based on an average daily trading volume, of 454,900 shares, the days-to-cover ratio is presently 2.4 days.

Life360 Stock Up 2.9 %

Shares of Life360 stock traded up $1.10 on Wednesday, reaching $39.48. The company's stock had a trading volume of 291,439 shares, compared to its average volume of 367,143. The stock has a 50-day moving average price of $43.33 and a 200-day moving average price of $43.09. Life360 has a 52-week low of $26.00 and a 52-week high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The company had revenue of $115.53 million for the quarter, compared to analysts' expectations of $114.39 million. On average, analysts anticipate that Life360 will post -0.17 EPS for the current fiscal year.

Insider Transactions at Life360

In other Life360 news, COO Lauren Antonoff sold 5,500 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $38.38, for a total transaction of $211,090.00. Following the completion of the sale, the chief operating officer now directly owns 312,302 shares of the company's stock, valued at approximately $11,986,150.76. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Susan L. Stick sold 2,822 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now owns 86,752 shares of the company's stock, valued at approximately $3,650,524.16. This trade represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,689 shares of company stock valued at $6,920,032.

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Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund purchased a new stake in Life360 during the 4th quarter valued at about $25,000. Summit Investment Advisors Inc. lifted its position 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 in the last quarter. BNP Paribas Financial Markets purchased a new stake in Life360 in the 3rd quarter valued at $98,000. MetLife Investment Management LLC acquired a new stake in shares of Life360 in the 3rd quarter worth $139,000. Finally, KBC Group NV purchased a new position in shares of Life360 during the 4th quarter worth $147,000. Institutional investors and hedge funds own 20.00% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $52.00 to $55.00 in a research note 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. According to data from MarketBeat.com, the stock currently 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.