Life360 (NASDAQ:LIF) Director Sells $818,376.00 in Stock

Key Points

• Life360 Director Charles Prober sold 7,930 shares at an average price of $103.20, totaling $818,376, reducing his ownership by 6.99%.
• Following the recent sale, Life360 stock declined by 2.8% during trading, closing at $97.87.
• Analysts have varied ratings on the stock, with several firms recently boosting price targets and one upgrading to a "strong-buy" rating.

Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles Prober sold 7,930 shares of the business's stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $103.20, for a total transaction of $818,376.00. Following the transaction, the director owned 105,456 shares in the company, valued at approximately $10,883,059.20. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Life360 Stock Down 2.8%

Life360 stock traded down $2.77 during midday trading on Wednesday, hitting $97.87. 648,631 shares of the stock were exchanged, compared to its average volume of 731,650. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $112.54. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 305.85 and a beta of 3.51. The business's 50-day moving average price is $95.28 and its 200-day moving average price is $69.88. 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 released its quarterly earnings results 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 business had revenue of $115.38 million for the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. On average, research analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LIF. JMP Securities boosted their price target 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Life360 in a research note on Wednesday, October 8th. Evercore ISI boosted their target price on shares of Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Citigroup initiated coverage on shares of Life360 in a research note on Thursday, July 31st. They issued a "buy" rating and a $90.00 target price on the stock. Finally, Zacks Research upgraded shares of Life360 from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $91.43.

Institutional Investors Weigh In On Life360

A number of hedge funds and other institutional investors have recently bought and sold shares of LIF. CWM LLC increased its holdings in Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company's stock worth $41,000 after acquiring an additional 160 shares during the period. Vontobel Holding Ltd. bought a new stake in Life360 during the 3rd quarter worth approximately $239,000. City Center Advisors LLC bought a new stake in Life360 during the 3rd quarter worth approximately $399,000. Praxis Investment Management Inc. bought a new stake in Life360 during the 3rd quarter worth approximately $208,000. Finally, Osaic Holdings Inc. increased its holdings in Life360 by 8,595.9% during the 2nd quarter. Osaic Holdings Inc. now owns 44,784 shares of the company's stock worth $2,922,000 after acquiring an additional 44,269 shares during the period. Institutional investors 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.

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