Life360, Inc. (NASDAQ:LIF) Director Sells $489,465.46 in Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles J. Prober sold 7,942 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $61.63, for a total value of $489,465.46. Following the completion of the sale, the director now owns 105,456 shares of the company's stock, valued at approximately $6,499,253.28. This trade represents a 7.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Life360 Stock Down 0.8%

LIF traded down $0.51 during trading on Tuesday, hitting $62.22. The company had a trading volume of 558,841 shares, compared to its average volume of 457,090. The company has a market capitalization of $4.76 billion and a PE ratio of 418.20. Life360, Inc. has a one year low of $28.94 and a one year high of $65.79. The firm's 50-day moving average price is $51.06 and its 200 day moving average price is $45.70.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09. The company had revenue of $103.62 million for 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%. Sell-side analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Life360

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted 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 worth $218,194,000 after buying an additional 5,540,302 shares during the period. Franklin Resources Inc. boosted its stake in shares of Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after buying an additional 432,292 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Life360 by 320.0% in the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after buying an additional 418,493 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Life360 by 86.2% in the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after purchasing an additional 190,422 shares during the period. Finally, Citadel Advisors LLC increased its holdings in Life360 by 1,233.3% in the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock worth $8,286,000 after acquiring an additional 185,722 shares during the last quarter. Institutional investors own 20.00% of the company's stock.

About Life360

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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