Life360, Inc. (NASDAQ:LIF – Get Free Report) Director Brit Morin sold 10,701 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $642,060.00. Following the completion of the sale, the director owned 20,157 shares in the company, valued at approximately $1,209,420. This represents a 34.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brit Morin also recently made the following trade(s):
- On Monday, June 29th, Brit Morin sold 4,655 shares of Life360 stock. The stock was sold at an average price of $55.00, for a total value of $256,025.00.
Life360 Stock Performance
LIF stock traded down $2.52 during trading on Wednesday, reaching $61.45. 462,591 shares of the company’s stock were exchanged, compared to its average volume of 1,027,528. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54. The firm has a market cap of $4.98 billion, a PE ratio of 35.52 and a beta of 2.35. The company’s fifty day moving average price is $51.26 and its 200-day moving average price is $48.29. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on LIF shares. Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. DA Davidson boosted their price target on shares of Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Weiss Ratings lowered shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Evercore set a $68.00 price objective on shares of Life360 in a report on Tuesday, May 12th. Finally, Citigroup raised their price objective on shares of Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Life360 presently has a consensus rating of “Moderate Buy” and an average price target of $64.81.
Read Our Latest Stock Report on LIF
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.
Read More
- Five stocks we like better than Life360
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for Life360 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life360 and related companies with MarketBeat.com's FREE daily email newsletter.
