Life360 (NASDAQ:LIF) Director Sells $1,737,400.00 in Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $86.87, for a total value of $1,737,400.00. Following the completion of the transaction, the director directly owned 71,809 shares in the company, valued at approximately $6,238,047.83. This represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Life360 Price Performance

NASDAQ LIF traded up $0.59 during trading hours on Tuesday, reaching $90.20. The company’s stock had a trading volume of 785,338 shares, compared to its average volume of 675,824. The firm’s 50-day moving average price is $72.67 and its 200-day moving average price is $55.65. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $91.55. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 281.88 and a beta of 3.46.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. The business had revenue of $115.38 million for the quarter, compared to analysts’ expectations 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 predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LIF shares. JMP Securities upped their price objective on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 12th. Stifel Nicolaus upped their price objective on Life360 from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Loop Capital upped their price objective on Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Wall Street Zen raised Life360 from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Finally, Evercore ISI upped their price objective on Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $86.43.

Hedge Funds Weigh In On Life360

Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its position in shares of Life360 by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after purchasing an additional 254 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Life360 by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after purchasing an additional 343 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Life360 by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after acquiring an additional 378 shares during the last quarter. WealthPlan Investment Management LLC grew its position in Life360 by 5.6% in the 1st quarter. WealthPlan Investment Management LLC now owns 10,550 shares of the company’s stock valued at $405,000 after acquiring an additional 558 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Life360 by 53.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company’s stock valued at $107,000 after acquiring an additional 570 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

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.