Life360, Inc. (NASDAQ:LIF) Short Interest Down 12.5% in May

Life360, Inc. (NASDAQ:LIF - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 2,380,000 shares, a decrease of 12.5% from the April 30th total of 2,720,000 shares. Approximately 3.6% of the company's shares are short sold. Based on an average daily trading volume, of 708,600 shares, the days-to-cover ratio is presently 3.4 days.

Wall Street Analysts Forecast Growth

LIF has been the topic of a number of recent research reports. Loop Capital raised their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. UBS Group increased their target price on shares of Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Canaccord Genuity Group increased their target price on shares of Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, Stifel Nicolaus lowered their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Life360 has a consensus rating of "Buy" and a consensus price target of $51.00.

Insider Transactions at Life360

In related news, Director Mark Goines sold 30,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the transaction, the director now directly owns 36,272 shares of the company's stock, valued at $1,523,424. This represents a 45.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Susan L. Stick sold 500 shares of the firm's stock in a transaction 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 completion of the transaction, the general counsel now directly owns 110,809 shares in the company, valued at $6,895,644.07. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,033 shares of company stock worth $4,436,238 over the last three months. 8.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new stake in shares of Life360 during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. boosted its holdings in shares of Life360 by 82.3% during the 4th 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after buying an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Life360 by 937.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after buying an additional 1,978 shares in the last quarter. Finally, KBC Group NV bought a new stake in shares of Life360 during the 4th quarter valued at $147,000. 20.00% of the stock is currently owned by institutional investors.

Life360 Price Performance

Shares of LIF traded up $0.74 during trading hours on Thursday, hitting $64.75. The company's stock had a trading volume of 328,871 shares, compared to its average volume of 446,900. The business has a 50 day simple moving average of $46.55 and a two-hundred day simple moving average of $44.66. Life360 has a 52-week low of $26.00 and a 52-week high of $65.38. The company has a market cap of $4.96 billion and a price-to-earnings ratio of 719.44.

Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $103.62 million during the quarter, compared to analyst estimates of $101.48 million. Research analysts predict that Life360 will post -0.17 earnings per share for the current year.

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.