Life360 (NASDAQ:LIF) Director Sells 250,000 Shares

Life360, Inc. (NASDAQ:LIF) Director Chris Hulls sold 250,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the sale, the director owned 382,056 shares of the company’s stock, valued at $17,895,503.04. This trade represents a 39.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Chris Hulls also recently made the following trade(s):

• On Tuesday, August 4th, Chris Hulls sold 27,000 shares of Life360 stock. The stock was sold at an average price of $63.34, for a total transaction of $1,710,180.00.
• On Thursday, June 18th, Chris Hulls sold 16,042 shares of Life360 stock. The shares were sold at an average price of $47.07, for a total transaction of $755,096.94.
• On Thursday, May 28th, Chris Hulls sold 16,379 shares of Life360 stock. The stock was sold at an average price of $40.34, for a total transaction of $660,728.86.

Life360 Stock Performance

NASDAQ LIF traded down $3.55 during trading hours on Wednesday, hitting $43.19. 1,091,985 shares of the stock were exchanged, compared to its average volume of 1,016,035. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 133.54 and a beta of 2.35. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54. The stock has a 50-day moving average of $53.08 and a 200 day moving average of $47.95. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $158.96 million during the quarter, compared to analysts’ expectations of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. As a group, equities research analysts forecast that Life360, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LIF. UBS Group dropped their price objective on Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. DA Davidson boosted their target price on shares of Life360 from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Macquarie Infrastructure began coverage on shares of Life360 in a research report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price on the stock. Citigroup lowered their price target on shares of Life360 from $66.65 to $60.10 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Life360 in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new position in Life360 during the second quarter worth about $676,000. Capstone Investment Advisors LLC purchased a new stake in Life360 in the 2nd quarter valued at approximately $254,000. Jupiter Topco LLC acquired a new position in Life360 in the 2nd quarter valued at about $1,954,000. Lead Edge Capital Management LLC purchased a new position in shares of Life360 in the 2nd quarter worth $489,050,000. Finally, Legal & General Group Plc purchased a new position in Life360 in the second quarter valued at about $9,467,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

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.