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

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 Life360 stock in a transaction on Monday, August 18th. The stock was sold at an average price of $85.80, for a total transaction of $2,145,000.00. Following the transaction, the director directly owned 194,754 shares in the company, valued at approximately $16,709,893.20. This represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Trading Down 1.8%

Shares of NASDAQ LIF traded down $1.60 during midday trading on Tuesday, reaching $85.60. 760,734 shares of the stock were exchanged, compared to its average volume of 822,781. The business has a 50-day simple moving average of $70.18 and a two-hundred day simple moving average of $54.17. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 272.50 and a beta of 3.46. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $89.80. 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 announced its quarterly earnings results on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. The company had revenue of $115.38 million for the quarter, compared to analysts' expectations of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Life360 has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LIF shares. Citigroup started coverage on shares of Life360 in a report on Thursday, July 31st. They set a "buy" rating and a $90.00 price objective on the stock. JMP Securities raised their price objective on shares of Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 12th. Stifel Nicolaus raised their price objective on shares of Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. UBS Group reiterated a "buy" rating and issued a $85.00 price target (up from $71.00) on shares of Life360 in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Life360 from a "hold" rating to a "buy" rating in a research note on Saturday. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $86.43.

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently bought and sold shares of LIF. JPMorgan Chase & Co. increased its stake in Life360 by 156.0% in the fourth quarter. JPMorgan Chase & Co. now owns 33,421 shares of the company's stock valued at $1,379,000 after purchasing an additional 20,367 shares in the last quarter. Geode Capital Management LLC increased its stake in Life360 by 39.2% in the fourth quarter. Geode Capital Management LLC now owns 181,587 shares of the company's stock valued at $7,494,000 after purchasing an additional 51,129 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Life360 in the fourth quarter valued at $536,000. Legal & General Group Plc increased its stake in Life360 by 10,403.3% in the fourth quarter. Legal & General Group Plc now owns 61,234 shares of the company's stock valued at $2,527,000 after purchasing an additional 60,651 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Life360 by 187.8% in the fourth quarter. Renaissance Technologies LLC now owns 80,300 shares of the company's stock valued at $3,314,000 after purchasing an additional 52,400 shares in the last quarter. 20.00% of the stock is owned by institutional investors.

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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