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

Key Points

• Life360 Director James Synge sold 25,000 shares of the company’s stock for a total value of $2,105,750, reducing his ownership by 10.21%.
• Life360's stock has experienced a 1.8% decline, with shares trading at $85.60, following recent high trading volumes.
• Analysts have rated Life360 with a consensus "Buy" and set an average price target of $86.43, indicating positive expectations for future performance.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director James Synge sold 25,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $84.23, for a total transaction of $2,105,750.00. Following the completion of the sale, the director owned 219,754 shares of the company's stock, valued at $18,509,879.42. The trade was a 10.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, August 18th, James Synge sold 25,000 shares of Life360 stock. The stock was sold at an average price of $85.80, for a total transaction of $2,145,000.00.

Life360 Price Performance

Shares of LIF traded up $4.05 during mid-day trading on Friday, hitting $90.22. 605,702 shares of the company traded hands, compared to its average volume of 840,481. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 281.95 and a beta of 3.46. The business has a 50-day moving average of $72.14 and a 200 day moving average of $55.34. Life360, Inc. has a one year low of $29.62 and a one year high of $91.25.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share 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 firm had revenue of $115.38 million during the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

LIF has been the topic of several recent research reports. JMP Securities raised their price target on Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a report on Tuesday, August 12th. Loop Capital upped their target price on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Citigroup initiated coverage on shares of Life360 in a research report on Thursday, July 31st. They set a "buy" rating and a $90.00 price target for the company. Stifel Nicolaus boosted their price target on shares of Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Finally, Evercore ISI increased their price objective on shares of Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Life360 presently has an average rating of "Buy" and an average target price of $86.43.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Life360 by 3,865.6% in the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock valued at $218,194,000 after purchasing an additional 5,540,302 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Life360 by 9.2% in the 4th quarter. Millennium Management LLC now owns 1,114,922 shares of the company's stock valued at $46,013,000 after buying an additional 94,077 shares during the period. Norges Bank bought a new stake in shares of Life360 in the 2nd quarter valued at $60,369,000. Bank of New York Mellon Corp increased its position in shares of Life360 by 25.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company's stock valued at $44,844,000 after buying an additional 137,997 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock worth $16,975,000 after buying an additional 190,422 shares during the period. Institutional investors and hedge funds 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.