Life360, Inc. (NASDAQ:LIF - Get Free Report) General Counsel Susan L. Stick sold 500 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $75.51, for a total value of $37,755.00. Following the sale, the general counsel directly owned 105,422 shares of the company's stock, valued at approximately $7,960,415.22. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Life360 Stock Performance
NASDAQ LIF traded down $0.92 during trading on Friday, reaching $75.68. 301,551 shares of the company traded hands, compared to its average volume of 649,682. The stock's 50 day moving average price is $66.16 and its two-hundred day moving average price is $51.13. The company has a market cap of $5.79 billion and a price-to-earnings ratio of 840.73. Life360, Inc. has a 1-year low of $28.94 and a 1-year high of $78.32.
Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.09. The firm had revenue of $103.62 million during the quarter, compared to analyst estimates of $101.48 million. Life360 had a net margin of 2.42% and a return on equity of 4.05%. Equities research analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.
Hedge Funds Weigh In On Life360
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIF. Summit Investment Advisors Inc. raised its holdings in shares of Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares during the period. Keystone Financial Group Inc. acquired a new position in shares of Life360 during the 2nd quarter worth approximately $62,000. GAMMA Investing LLC boosted its position in shares of Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after acquiring an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Life360 by 937.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after buying an additional 1,978 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Life360 by 433.3% in the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock valued at $123,000 after buying an additional 2,600 shares in the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently commented on LIF. Loop Capital boosted their price target on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Wall Street Zen lowered Life360 from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Stifel Nicolaus increased their price objective on Life360 from $48.00 to $87.00 and gave the stock a "buy" rating in a report on Tuesday. Citigroup began coverage on Life360 in a report on Thursday. They set a "buy" rating and a $90.00 price objective for the company. Finally, UBS Group increased their target price on shares of Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.00.
View Our Latest Stock Report on Life360
Life360 Company Profile
(
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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.
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