Life360 (NASDAQ:LIF) Trading Down 6.1% – What’s Next?

Life360, Inc. (NASDAQ:LIF)’s share price was down 6.1% on Tuesday . The company traded as low as $61.82 and last traded at $61.97. Approximately 481,252 shares changed hands during trading, a decline of 55% from the average daily volume of 1,060,270 shares. The stock had previously closed at $65.98.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LIF. Stifel Nicolaus reduced their price target on shares of Life360 from $92.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday. DA Davidson initiated coverage on Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 target price for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Life360 in a report on Monday, December 29th. Wall Street Zen downgraded Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Citigroup restated a “buy” rating on shares of Life360 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Life360 has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Life360 Price Performance

The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $4.83 billion, a PE ratio of 181.38 and a beta of 3.79. The business has a fifty day moving average price of $67.14 and a 200-day moving average price of $81.65.

Life360 (NASDAQ:LIF) last released its earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The company had revenue of $124.50 million during the quarter, compared to the consensus estimate of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. Research analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $68.30, for a total value of $541,619.00. Following the completion of the sale, the director directly owned 105,456 shares of the company’s stock, valued at $7,202,644.80. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lauren Antonoff sold 19,442 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the sale, the chief executive officer owned 305,385 shares of the company’s stock, valued at approximately $23,282,552.40. The trade was a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 608,476 shares of company stock worth $46,751,979 over the last 90 days.

Institutional Trading of Life360

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Life360 by 18.0% during the third quarter. Vanguard Group Inc. now owns 8,271,920 shares of the company’s stock valued at $879,305,000 after purchasing an additional 1,260,236 shares during the period. Norges Bank bought a new stake in Life360 during the 2nd quarter valued at $60,369,000. Franklin Resources Inc. boosted its position in Life360 by 86.3% during the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after buying an additional 352,110 shares during the period. Citigroup Inc. grew its holdings in Life360 by 158.4% in the 3rd quarter. Citigroup Inc. now owns 749,569 shares of the company’s stock worth $79,679,000 after acquiring an additional 459,463 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Life360 by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock valued at $44,844,000 after acquiring an additional 137,997 shares during the period. Institutional investors own 20.00% of the company’s stock.

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.