Life360 (NASDAQ:LIF) Director Sells $7,645,000.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Alex Haro sold 100,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $76.45, for a total value of $7,645,000.00. Following the transaction, the director directly owned 861,315 shares in the company, valued at approximately $65,847,531.75. This represents a 10.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Life360 Trading Down 5.2%

Shares of NASDAQ:LIF traded down $4.11 during trading on Monday, hitting $75.50. 854,753 shares of the company’s stock were exchanged, compared to its average volume of 1,140,823. The firm has a 50-day moving average price of $91.59 and a two-hundred day moving average price of $80.97. Life360, Inc. has a 1-year low of $29.62 and a 1-year high of $112.54. The firm has a market cap of $5.92 billion, a P/E ratio of 222.06 and a beta of 3.62. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The firm had revenue of $124.50 million during the quarter, compared to analysts’ expectations of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. Life360 has set its FY 2025 guidance at EPS. Equities analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LIF. Stifel Nicolaus downgraded Life360 from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a research report on Friday, October 24th. JMP Securities upped their price objective on Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a report on Tuesday, August 12th. Zacks Research downgraded Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. UBS Group reduced their target price on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Finally, Wall Street Zen upgraded shares of Life360 from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LIF. SBI Securities Co. Ltd. raised its position in Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 239 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Life360 during the 3rd quarter worth about $32,000. CWM LLC boosted its holdings in Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after acquiring an additional 160 shares in the last quarter. Jones Financial Companies Lllp grew its position in Life360 by 1,663.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock valued at $55,000 after purchasing an additional 499 shares during the period. Finally, Keystone Financial Group Inc. bought a new stake in shares of Life360 during the second quarter worth about $62,000. 20.00% of the stock is currently 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.