Life360, Inc. (NASDAQ:LIF) Director Sells $1,298,000.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the sale, the director now owns 106,742 shares of the company’s stock, valued at $3,463,777.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Life360 Trading Up 0.1 %

Shares of Life360 stock opened at $34.15 on Friday. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $41.17. The business has a fifty day simple moving average of $34.87.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $85.00 million. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. As a group, sell-side analysts predict that Life360, Inc. will post -0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LIF has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Canaccord Genuity Group started coverage on shares of Life360 in a report on Monday, June 17th. They set a “buy” rating and a $40.00 price target for the company. JMP Securities upped their price target on shares of Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a report on Friday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target (up from $37.00) on shares of Life360 in a report on Friday, August 9th. Finally, Canaccord Genuity Group upgraded shares of Life360 to a “strong-buy” rating in a report on Monday, June 17th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $39.75.

Institutional Trading of Life360

A number of institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in Life360 during the second quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Life360 during the second quarter valued at $192,000. XY Capital Ltd bought a new stake in Life360 during the second quarter valued at $205,000. Point72 Asset Management L.P. bought a new stake in Life360 during the second quarter valued at $405,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in Life360 during the second quarter valued at $5,488,000.

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.