Life360 (NASDAQ:LIF) Sees Strong Trading Volume - What's Next?

Life360, Inc. (NASDAQ:LIF - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 881,163 shares changed hands during mid-day trading, an increase of 100% from the previous session's volume of 439,539 shares.The stock last traded at $62.67 and had previously closed at $61.11.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group increased their price target on Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Stifel Nicolaus lowered their target price on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Loop Capital raised their target price on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, UBS Group boosted their price target on Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $51.00.

Life360 Stock Performance

The business has a 50 day moving average of $47.09 and a two-hundred day moving average of $44.83. The stock has a market capitalization of $4.89 billion and a PE ratio of 709.44.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The firm had revenue of $103.62 million for the quarter, compared to the consensus estimate of $101.48 million. On average, equities analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Transactions at Life360

In other Life360 news, General Counsel Susan L. Stick sold 500 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $62.23, for a total transaction of $31,115.00. Following the transaction, the general counsel now owns 110,809 shares in the company, valued at approximately $6,895,644.07. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Synge sold 25,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $43.43, for a total transaction of $1,085,750.00. Following the completion of the transaction, the director now directly owns 241,944 shares of the company's stock, valued at approximately $10,507,627.92. This represents a 9.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,033 shares of company stock valued at $3,176,238. Corporate insiders own 8.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in Life360 in the 4th quarter valued at approximately $147,000. Rhumbline Advisers boosted its position in Life360 by 83.6% in the 4th quarter. Rhumbline Advisers now owns 12,651 shares of the company's stock valued at $522,000 after buying an additional 5,762 shares during the period. WealthPlan Investment Management LLC grew its stake in shares of Life360 by 2.5% in the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company's stock worth $412,000 after acquiring an additional 247 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Life360 in the fourth quarter valued at $2,083,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Life360 in the fourth quarter valued at $25,000. Hedge funds and other institutional investors own 20.00% of the company's stock.

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.