Life360 (NASDAQ:LIF) Director Charles J. Prober Sells 7,930 Shares

Key Points

• Charles Prober, a director at Life360 (NASDAQ:LIF), sold 7,930 shares at an average price of $100.24, totaling approximately $794,903 and reducing his position by 6.99%.
• Life360 reported $0.08 EPS beating estimates of $0.02, with revenue of $115.38 million for the latest quarter, surpassing projections of $109.33 million.
• Several analysts upgraded Life360's stock rating, with target prices raised, reflecting a general consensus of "Buy" and an average target price of $86.43.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles J. Prober sold 7,930 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $100.24, for a total value of $794,903.20. Following the sale, the director owned 105,456 shares in the company, valued at $10,570,909.44. The trade was a 6.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Life360 Stock Performance

Shares of NASDAQ:LIF traded down $0.16 during trading on Friday, hitting $102.92. 7,808,633 shares of the company traded hands, compared to its average volume of 741,193. Life360, Inc. has a one year low of $29.62 and a one year high of $107.34. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 321.64 and a beta of 3.50. The business's fifty day moving average is $84.81 and its 200-day moving average is $62.15. 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 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. Life360 had a return on equity of 7.65% and a net margin of 6.45%.The business had revenue of $115.38 million during the quarter, compared to analyst estimates of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life360

Institutional investors have recently added to or reduced their stakes in the stock. Keystone Financial Group Inc. bought a new position in shares of Life360 in the second quarter valued at approximately $62,000. GAMMA Investing LLC grew its holdings in shares of Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after buying an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Life360 by 937.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after purchasing an additional 1,978 shares during the period. State of Wyoming acquired a new position in Life360 in the 2nd quarter worth $96,000. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Life360 by 53.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock worth $107,000 after buying an additional 570 shares during the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIF has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Evercore ISI increased their price objective on Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. JMP Securities increased 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 raised their target price on Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Finally, UBS Group raised their price target on Life360 from $85.00 to $120.00 and gave the company a "buy" rating in a research report on Friday. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $91.43.

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.