James Synge Sells 5,833 Shares of Life360 (NASDAQ:LIF) Stock

Key Points

• Director James Synge sold 5,833 Life360 shares at an average price of $45.05, totaling approximately $262,777 and reducing his ownership by 2.59%. He also recently sold an additional 27,466 shares for about $1.22 million.
• Life360 shares rose 1.9% to $44.26, while the company’s latest quarterly earnings missed analyst expectations for EPS ($0.06 versus $0.08) but exceeded revenue estimates with $158.96 million.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $60.72, although some firms recently lowered or raised their targets.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director James Synge sold 5,833 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.05, for a total value of $262,776.65. Following the completion of the transaction, the director directly owned 219,160 shares in the company, valued at approximately $9,873,158. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, August 26th, James Synge sold 27,466 shares of Life360 stock. The stock was sold at an average price of $44.31, for a total value of $1,217,018.46.

Life360 Trading Up 1.9%

Shares of LIF stock traded up $0.84 during trading hours on Thursday, hitting $44.26. 491,090 shares of the company were exchanged, compared to its average volume of 1,041,401. The firm has a market cap of $3.61 billion, a P/E ratio of 25.88 and a beta of 2.35. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The company has a 50 day simple moving average of $52.83 and a two-hundred day simple moving average of $47.42.

Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The company had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. Equities analysts anticipate that Life360, Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

LIF has been the topic of several research reports. Citigroup dropped their price objective on shares of Life360 from $66.65 to $60.10 and set a "buy" rating on the stock in a report on Thursday, August 13th. Morgan Stanley set a $65.20 price target on Life360 in a research note on Wednesday, August 12th. DA Davidson increased their price target on Life360 from $42.00 to $47.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Canaccord Genuity Group set a $72.00 target price on Life360 in a research report on Tuesday, May 12th. Finally, Weiss Ratings upgraded Life360 from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $60.72.

Institutional Investors Weigh In On Life360

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its holdings in shares of Life360 by 0.4% in the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company's stock worth $4,026,000 after acquiring an additional 254 shares during the period. Swiss Life Asset Management Ltd raised its stake in shares of Life360 by 8.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company's stock valued at $232,000 after purchasing an additional 273 shares during the period. Russell Investments Group Ltd. lifted its holdings in Life360 by 21.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company's stock worth $107,000 after purchasing an additional 292 shares in the last quarter. NewEdge Advisors LLC bought a new position in Life360 in the 3rd quarter worth about $32,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Life360 by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company's stock worth $1,379,000 after purchasing an additional 343 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.

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