Life360, Inc. (NASDAQ:LIF) General Counsel Sells $118,749.76 in Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) General Counsel Susan L. Stick sold 2,822 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the completion of the transaction, the general counsel now directly owns 86,752 shares in the company, valued at $3,650,524.16. This trade represents a 3.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Life360 Stock Up 1.8 %

Life360 stock traded up $0.71 during trading hours on Friday, hitting $40.30. 456,574 shares of the stock traded hands, compared to its average volume of 314,138. The firm's 50 day moving average price is $43.93 and its 200-day moving average price is $42.73. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $115.53 million during 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%. Equities analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

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Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new stake in shares of Life360 during the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. boosted its holdings 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 acquired a new stake in Life360 during the third quarter valued at $98,000. MetLife Investment Management LLC acquired a new stake in Life360 during the third quarter valued at $139,000. Finally, KBC Group NV purchased a new position in Life360 in the fourth quarter valued at $147,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

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.