Life360 (NASDAQ:LIF) Stock Price Down 4.3% - Time to Sell?

Life360, Inc. (NASDAQ:LIF - Get Free Report) shares fell 4.3% on Thursday . The company traded as low as $43.88 and last traded at $43.88. 51,909 shares traded hands during trading, a decline of 80% from the average session volume of 257,212 shares. The stock had previously closed at $45.87.

Analyst Ratings Changes

LIF has been the topic of several research analyst reports. Loop Capital boosted their price target on shares of Life360 from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. UBS Group boosted their price target on shares of Life360 from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, August 9th. JMP Securities boosted their price target on shares of Life360 from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research note on Friday, August 9th. Jefferies Financial Group initiated coverage on shares of Life360 in a research note on Friday, August 9th. They issued a "buy" rating and a $43.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $40.00 price target (up previously from $37.00) on shares of Life360 in a report on Friday, August 9th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Life360 has an average rating of "Buy" and a consensus target price of $39.75.

Life360 Stock Performance

The firm has a 50-day moving average of $38.32.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The firm had revenue of $84.86 million for the quarter, compared to the consensus estimate of $85.00 million. Analysts predict that Life360, Inc. will post -0.29 EPS for the current fiscal year.

Insider Buying and Selling at Life360

In other Life360 news, Director James Synge sold 3,471 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the sale, the director now directly owns 67,102 shares in the company, valued at $2,505,588.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James Synge sold 3,471 shares of Life360 stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the sale, the director now directly owns 67,102 shares in the company, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the sale, the director now owns 106,742 shares of the company's stock, valued at $3,463,777.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,088 shares of company stock worth $2,672,781 over the last three months.

Institutional Investors Weigh In On Life360

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Emerald Advisers LLC purchased a new position in shares of Life360 during the second quarter worth $6,777,000. Millennium Management LLC purchased a new position in shares of Life360 during the second quarter worth $11,861,000. Regal Partners Ltd purchased a new position in shares of Life360 during the second quarter worth $23,635,000. Ghisallo Capital Management LLC purchased a new position in Life360 in the second quarter valued at $8,098,000. Finally, Point72 Asset Management L.P. purchased a new position in Life360 in the second quarter valued at $405,000.

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.