Life360, Inc. (NASDAQ:LIF) Director Sells $28,327.04 in Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Brit Morin sold 448 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $63.23, for a total value of $28,327.04. Following the completion of the transaction, the director directly owned 25,994 shares of the company's stock, valued at $1,643,600.62. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Brit Morin also recently made the following trade(s):

• On Friday, June 13th, Brit Morin sold 47,584 shares of Life360 stock. The stock was sold at an average price of $61.14, for a total transaction of $2,909,285.76.

Life360 Price Performance

Shares of Life360 stock traded up $1.85 during trading on Thursday, hitting $65.77. The stock had a trading volume of 162,634 shares, compared to its average volume of 479,986. The business has a fifty day moving average of $57.30 and a two-hundred day moving average of $46.98. Life360, Inc. has a fifty-two week low of $28.94 and a fifty-two week high of $67.11. The firm has a market cap of $5.03 billion and a P/E ratio of 730.96.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.09. The business 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%. As a group, research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Canaccord Genuity Group set a $75.00 target price on Life360 and gave the stock a "buy" rating in a research report on Wednesday. JMP Securities increased their target price on shares of Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a research report on Monday, June 16th. Stifel Nicolaus decreased their price target on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Citigroup reiterated an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. Finally, UBS Group lifted their target price on Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $59.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after purchasing an additional 5,540,302 shares in the last quarter. Millennium Management LLC grew its stake in shares of Life360 by 9.2% during the fourth quarter. Millennium Management LLC now owns 1,114,922 shares of the company's stock worth $46,013,000 after purchasing an additional 94,077 shares during the period. Bank of New York Mellon Corp increased its stake in Life360 by 320.0% in the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock valued at $21,087,000 after purchasing an additional 418,493 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Life360 by 402.9% in the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after acquiring an additional 432,292 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Life360 by 86.2% during the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after acquiring an additional 190,422 shares during the period. Institutional investors and hedge funds own 20.00% of the company's stock.

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.