James Synge Sells 25,000 Shares of Life360 (NASDAQ:LIF) Stock

Key Points

• Director James Synge of Life360 sold 25,000 shares on August 18 at an average price of $85.80, totaling $2,145,000, reducing his ownership by 11.38%.
• Life360's stock is trading down 1.8% at $85.60, with a market capitalization of $6.64 billion, and the stock has a 52-week range of $29.62 to $89.80.
• The company reported $0.08 earnings per share for the last quarter, exceeding expectations, and has received several buy ratings from investment analysts.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director James Synge sold 25,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $85.80, for a total value of $2,145,000.00. Following the transaction, the director owned 194,754 shares of the company's stock, valued at approximately $16,709,893.20. This trade represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

James Synge also recently made the following trade(s):

• On Friday, August 15th, James Synge sold 25,000 shares of Life360 stock. The stock was sold at an average price of $84.23, for a total transaction of $2,105,750.00.

Life360 Stock Performance

LIF stock traded up $4.05 on Friday, reaching $90.22. 605,702 shares of the company were exchanged, compared to its average volume of 840,481. The firm has a market capitalization of $7.00 billion, a PE ratio of 281.95 and a beta of 3.46. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $91.25. The stock's fifty day moving average price is $72.14 and its 200 day moving average price is $55.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The company had revenue of $115.38 million for the quarter, compared to analyst estimates of $109.33 million. Life360 has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Trading of Life360

Several institutional investors have recently bought and sold shares of LIF. Teacher Retirement System of Texas grew its position in Life360 by 81.8% in the first quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company's stock valued at $513,000 after acquiring an additional 6,014 shares during the period. Emerald Advisers LLC boosted its stake in shares of Life360 by 53.8% in the 1st quarter. Emerald Advisers LLC now owns 270,817 shares of the company's stock valued at $10,397,000 after purchasing an additional 94,679 shares in the last quarter. Barclays PLC grew its holdings in shares of Life360 by 280.6% in the 4th quarter. Barclays PLC now owns 30,952 shares of the company's stock worth $1,278,000 after purchasing an additional 22,820 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Life360 by 75.6% in the 1st quarter. Federated Hermes Inc. now owns 48,773 shares of the company's stock worth $1,872,000 after purchasing an additional 21,004 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after purchasing an additional 418,493 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Canaccord Genuity Group raised their price objective on Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Stifel Nicolaus boosted their price objective on Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Loop Capital upped their target price on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, UBS Group reaffirmed a "buy" rating and issued a $85.00 target price (up from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, Life360 has a consensus rating of "Buy" and a consensus price target of $86.43.

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.