Susan L. Stick Sells 500 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF - Get Free Report) General Counsel Susan L. Stick sold 500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $63.12, for a total value of $31,560.00. Following the completion of the transaction, the general counsel now directly owns 106,922 shares in the company, valued at approximately $6,748,916.64. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Life360 Stock Down 3.4%

Shares of Life360 stock traded down $2.12 on Friday, hitting $61.09. The company's stock had a trading volume of 758,116 shares, compared to its average volume of 455,589. The company has a market capitalization of $4.68 billion and a P/E ratio of 678.78. Life360, Inc. has a 52-week low of $28.89 and a 52-week high of $65.79. The firm has a fifty day moving average price of $50.44 and a 200-day moving average price of $45.61.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. The company had revenue of $103.62 million for the quarter, compared to the consensus estimate of $101.48 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On Life360

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Life360 by 280.6% in the fourth quarter. Barclays PLC now owns 30,952 shares of the company's stock valued at $1,278,000 after buying an additional 22,820 shares during the last quarter. Swiss National Bank purchased a new stake in Life360 in the 4th quarter worth approximately $5,717,000. BNP Paribas Financial Markets raised its holdings in Life360 by 2,816.3% in the 4th quarter. BNP Paribas Financial Markets now owns 72,996 shares of the company's stock valued at $3,013,000 after acquiring an additional 70,493 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Life360 by 1,007.8% in the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock valued at $5,397,000 after acquiring an additional 118,974 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Life360 by 12.3% during the 4th quarter. Ameriprise Financial Inc. now owns 90,198 shares of the company's stock worth $3,708,000 after purchasing an additional 9,878 shares during the period. Hedge funds and other institutional investors own 20.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LIF shares. UBS Group upped their price objective on Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Canaccord Genuity Group upped their price target on shares of Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Stifel Nicolaus cut their price target on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Loop Capital boosted their price objective on shares of 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 given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $51.00.

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.