James Synge Sells 25,000 Shares of Life360 (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 25,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $85.80, for a total transaction of $2,145,000.00. Following the transaction, the director owned 194,754 shares of the company’s stock, valued at $16,709,893.20. This represents a 11.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

James Synge also recently made the following trade(s):

• On Friday, August 15th, James Synge sold 25,000 shares of Life360 stock. The shares were sold at an average price of $84.23, for a total transaction of $2,105,750.00.

Life360 Stock Performance

Shares of NASDAQ LIF opened at $85.17 on Thursday. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $89.80. The stock has a 50 day simple moving average of $71.09 and a 200-day simple moving average of $54.60. The company has a market cap of $6.60 billion, a PE ratio of 266.16 and a beta of 3.46.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $115.38 million for the quarter, compared to analyst estimates of $109.33 million. Life360 had a return on equity of 7.65% and a net margin of 6.45%. Life360 has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State of Wyoming bought a new stake in shares of Life360 during the 2nd quarter worth $96,000. Castleark Management LLC acquired a new position in shares of Life360 in the 2nd quarter valued at $5,518,000. FORA Capital LLC purchased a new position in Life360 in the 2nd quarter worth about $1,145,000. Tower Research Capital LLC TRC increased its stake in Life360 by 6,172.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 21,764 shares of the company’s stock worth $1,420,000 after purchasing an additional 21,417 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in Life360 during the 2nd quarter worth about $150,000. Institutional investors own 20.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Evercore ISI upped their target price on Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Citigroup assumed coverage on Life360 in a research note on Thursday, July 31st. They set a “buy” rating and a $90.00 price target for the company. Wall Street Zen raised Life360 from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, 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. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $86.43.

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.