Life360, Inc. (NASDAQ:LIF) Short Interest Update

Life360, Inc. (NASDAQ:LIF - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 3,030,000 shares, a growth of 178.0% from the March 15th total of 1,090,000 shares. Approximately 4.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 499,800 shares, the days-to-cover ratio is presently 6.1 days.

Insider Buying and Selling at Life360

In other news, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $34.39, for a total transaction of $106,746.56. Following the sale, the chief financial officer now directly owns 208,395 shares in the company, valued at approximately $7,166,704.05. This represents a 1.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Lauren Antonoff sold 14,091 shares of Life360 stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $42.17, for a total value of $594,217.47. Following the completion of the transaction, the chief operating officer now owns 293,769 shares of the company's stock, valued at approximately $12,388,238.73. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 168,314 shares of company stock worth $7,029,291 in the last quarter.

Institutional Trading of Life360

A number of hedge funds have recently added to or reduced their stakes in LIF. Charles Schwab Investment Management Inc. purchased a new position in shares of Life360 during the 3rd quarter valued at approximately $547,000. BNP Paribas Financial Markets purchased a new stake in shares of Life360 during the third quarter worth about $98,000. State Street Corp purchased a new position in Life360 in the 3rd quarter valued at about $2,393,000. Jane Street Group LLC boosted its holdings in Life360 by 35.2% in the 3rd quarter. Jane Street Group LLC now owns 123,507 shares of the company's stock worth $4,860,000 after buying an additional 32,182 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Life360 during the 3rd quarter worth approximately $280,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Life360 from a "neutral" rating to a "buy" rating and raised their price target 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's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $47.63.

Life360 Stock Performance

NASDAQ LIF traded up $1.09 on Friday, hitting $37.39. 399,955 shares of the company's stock traded hands, compared to its average volume of 380,171. The firm's 50-day moving average price is $40.15 and its two-hundred day moving average price is $42.77. Life360 has a 1-year low of $26.00 and a 1-year high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The business had revenue of $115.53 million for 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%. As a group, analysts predict that Life360 will post -0.17 earnings per share for the current year.

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.