Life360 (NASDAQ:LIF) Director Charles Prober Sells 7,930 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Charles Prober sold 7,930 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $68.30, for a total value of $541,619.00. Following the completion of the transaction, the director directly owned 105,456 shares in the company, valued at approximately $7,202,644.80. This trade represents a 6.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Life360 Stock Up 3.8%

Life360 stock traded up $2.31 during mid-day trading on Thursday, reaching $62.74. 172,364 shares of the company were exchanged, compared to its average volume of 766,464. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $112.54. The business has a fifty day moving average of $83.16 and a 200 day moving average of $81.58. The firm has a market cap of $4.92 billion, a P/E ratio of 185.11 and a beta of 3.60. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The business had revenue of $124.50 million for 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%. Research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life360

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. boosted its stake in shares of Life360 by 824.1% in the third quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after acquiring an additional 239 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Life360 during the 3rd quarter valued at approximately $32,000. CWM LLC raised its position in Life360 by 71.4% in the third quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the period. IFP Advisors Inc acquired a new position in Life360 in the third quarter valued at about $47,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Life360 by 1,663.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock worth $55,000 after purchasing an additional 499 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on LIF shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research note on Monday. Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. DA Davidson initiated coverage on shares of Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 price target for the company. UBS Group cut their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, Wall Street Zen downgraded shares of Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.63.

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.