Life360 (NASDAQ:LIF) Shares Gap Down - Time to Sell?

Life360, Inc. (NASDAQ:LIF - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $45.20, but opened at $43.43. Life360 shares last traded at $43.61, with a volume of 32,865 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JMP Securities increased their price objective on Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. Canaccord Genuity Group increased their price target on Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Finally, UBS Group raised Life360 from a "neutral" rating to a "buy" rating and increased their price target for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Life360 currently has an average rating of "Buy" and an average price target of $47.63.

Life360 Price Performance

The stock has a 50-day moving average price of $44.04 and a 200-day moving average price of $42.71.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data 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). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

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Insider Activity

In related news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $41.41, for a total transaction of $128,536.64. Following the completion of the sale, the chief financial officer now directly owns 154,962 shares of the company's stock, valued at approximately $6,416,976.42. This trade represents a 1.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles J. Prober sold 50,000 shares of Life360 stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total value of $2,076,000.00. Following the sale, the director now directly owns 102,742 shares of the company's stock, valued at approximately $4,265,847.84. The trade was a 32.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock valued at $3,487,935 over the last three months.

Institutional Trading of Life360

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

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.