Life360 (NASDAQ:LIF) Director Sells $2,105,750.00 in Stock

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 company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $84.23, for a total value of $2,105,750.00. Following the completion of the transaction, the director directly owned 219,754 shares in the company, valued at approximately $18,509,879.42. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $85.80, for a total value of $2,145,000.00.

Life360 Stock Down 1.8%

Shares of LIF traded down $1.60 during trading on Tuesday, reaching $85.60. The company's stock had a trading volume of 760,734 shares, compared to its average volume of 822,781. The company has a fifty day moving average of $70.18 and a two-hundred day moving average of $54.17. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $89.80. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 272.50 and a beta of 3.46. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84.

Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. Life360 had a return on equity of 7.65% and a net margin of 6.45%.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, sell-side analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LIF shares. Canaccord Genuity Group boosted their price target on Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Evercore ISI upped their price objective on Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Citigroup initiated coverage on Life360 in a research note on Thursday, July 31st. They set a "buy" rating and a $90.00 price objective for the company. Loop Capital upped their price objective on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, JMP Securities upped their price objective on Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, Life360 currently has a consensus rating of "Buy" and a consensus price target of $86.43.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Keystone Financial Group Inc. acquired a new position in Life360 during the 2nd quarter worth $62,000. Summit Investment Advisors Inc. lifted its holdings in shares of Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after buying an additional 484 shares during the period. State of Wyoming acquired a new stake in shares of Life360 in the second quarter valued at $96,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Life360 by 53.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company's stock valued at $107,000 after buying an additional 570 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Life360 in the second quarter valued at $137,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.