Susan L. Stick Sells 500 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 500 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $40.26, for a total transaction of $20,130.00. Following the completion of the sale, the general counsel now directly owns 85,752 shares of the company’s stock, valued at approximately $3,452,375.52. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Life360 Stock Down 0.8 %

Shares of Life360 stock opened at $38.63 on Friday. The business has a fifty day simple moving average of $43.55 and a 200 day simple moving average of $42.89. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77.

Life360 (NASDAQ:LIF) last posted its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. As a group, equities research analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Life360

Several hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. acquired a new position in shares of Life360 in the 3rd quarter valued at $547,000. The Manufacturers Life Insurance Company acquired a new position in Life360 in the third quarter valued at about $675,000. FMR LLC increased its holdings in shares of Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after acquiring an additional 86,917 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Life360 during the third quarter worth about $98,000. Finally, MetLife Investment Management LLC bought a new position in shares of Life360 during the 3rd quarter valued at about $139,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LIF shares. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group lifted their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Life360 currently has an average rating of “Buy” and a consensus price target of $47.63.

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.