Life360, Inc. (NASDAQ:LIF) Director Sells $2,909,285.76 in Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Brit Morin sold 47,584 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $61.14, for a total value of $2,909,285.76. Following the sale, the director now directly owns 26,442 shares in the company, valued at $1,616,663.88. The trade was a 64.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Life360 Price Performance

LIF traded down $0.51 during trading hours on Tuesday, reaching $62.22. The company's stock had a trading volume of 558,841 shares, compared to its average volume of 457,090. Life360, Inc. has a fifty-two week low of $28.94 and a fifty-two week high of $65.79. The business's 50-day moving average is $51.06 and its 200-day moving average is $45.70. The stock has a market cap of $4.76 billion and a PE ratio of 418.20.

Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a return on equity of 4.05% and a net margin of 2.42%. The company had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. Analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

LIF has been the subject of a number of research analyst reports. Canaccord Genuity Group raised their price target on Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Loop Capital lifted their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. JMP Securities lifted their target price on Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a research note on Monday. Stifel Nicolaus reduced their price target on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group upped their price objective on shares of Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a report on Monday. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Life360 presently has an average rating of "Buy" and an average price target of $53.63.

Hedge Funds Weigh In On Life360

Several large investors have recently bought and sold shares of LIF. New York State Common Retirement Fund purchased a new stake in shares of Life360 in the 4th quarter valued at about $25,000. Summit Investment Advisors Inc. increased its position in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after buying an additional 484 shares during the period. GAMMA Investing LLC increased its position in Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after buying an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake 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 during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Life360 in the first quarter valued at approximately $157,000. Hedge funds and other institutional investors 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.

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