Life360 (NASDAQ:LIF) Director Sells $1,217,018.46 in Stock

Key Points

• Life360 director James Synge sold 27,466 shares at an average price of $44.31, worth approximately $1.22 million, reducing his position by 12.53% to 191,694 shares. He also sold 5,833 shares the previous day.
• Life360 shares rose 1.9% to $44.26, but remain below their 50-day moving average of $52.83. The company’s latest quarterly revenue of $158.96 million exceeded estimates, while earnings per share of $0.06 fell short of expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $60.72, well above the current share price.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director James Synge sold 27,466 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $44.31, for a total value of $1,217,018.46. Following the sale, the director owned 191,694 shares in the company, valued at $8,493,961.14. The trade was a 12.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, August 25th, James Synge sold 5,833 shares of Life360 stock. The stock was sold at an average price of $45.05, for a total transaction of $262,776.65.

Life360 Trading Up 1.9%

LIF stock traded up $0.84 during mid-day trading on Thursday, reaching $44.26. 491,090 shares of the stock traded hands, compared to its average volume of 1,041,401. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. Life360, Inc. has a one year low of $37.01 and a one year high of $112.54. The stock has a market capitalization of $3.61 billion, a PE ratio of 25.88 and a beta of 2.35. The business has a 50-day moving average price of $52.83 and a two-hundred day moving average price of $47.42.

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

Wall Street Analyst Weigh In

LIF has been the subject of several analyst reports. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. Evercore set a $68.00 price target on Life360 in a report on Tuesday, May 12th. Morgan Stanley set a $65.20 price target on Life360 in a research note on Wednesday, August 12th. Citigroup dropped their price objective on Life360 from $66.65 to $60.10 and set a "buy" rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings raised Life360 from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Life360 has a consensus rating of "Moderate Buy" and a consensus target price of $60.72.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LIF. California State Teachers Retirement System raised its stake in 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 buying an additional 254 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in 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 acquiring an additional 273 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Life360 by 21.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company's stock valued at $107,000 after acquiring an additional 292 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Life360 in the 3rd quarter valued at $32,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Life360 by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company's stock valued at $1,379,000 after acquiring an additional 343 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source