Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick Sells 500 Shares

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $40.26, for a total value of $20,130.00. Following the completion of the sale, the general counsel now directly owns 85,752 shares in the company, valued at $3,452,375.52. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Life360 Price Performance

NASDAQ:LIF opened at $38.63 on Friday. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.77. The firm has a 50-day moving average price of $43.55 and a 200 day moving average price of $42.95.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.10 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 firm had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. As a group, equities analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Life360

A number of institutional investors and hedge funds have recently bought and sold shares of LIF. Charles Schwab Investment Management Inc. acquired a new position in Life360 during the 3rd quarter worth about $547,000. The Manufacturers Life Insurance Company bought a new position in Life360 in the 3rd quarter valued at $675,000. FMR LLC increased its stake in shares of Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Life360 during the third quarter worth $98,000. Finally, MetLife Investment Management LLC bought a new stake in shares of Life360 during the third quarter worth $139,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group upped their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $47.63.

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.