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

by · The Cerbat Gem

Life360, Inc. (NASDAQ:LIF – Get Free Report) General Counsel Susan L. Stick sold 500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $40.29, for a total value of $20,145.00. Following the transaction, the general counsel now owns 86,252 shares in the company, valued at $3,475,093.08. This represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Life360 Price Performance

Shares of Life360 stock traded down $1.04 during mid-day trading on Thursday, reaching $39.59. 410,745 shares of the stock traded hands, compared to its average volume of 295,078. The business has a 50-day moving average of $43.98 and a 200 day moving average of $42.72. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

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

Wall Street Analysts Forecast Growth

LIF has been the topic of a number of recent analyst reports. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. JMP Securities increased their price target on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price target on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $47.63.

Check Out Our Latest Stock Analysis on LIF

Institutional Investors Weigh In On Life360

Several hedge funds and other institutional investors have recently made changes to their positions in LIF. New York State Common Retirement Fund acquired a new stake in shares of Life360 in the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. increased its stake in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after acquiring an additional 484 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Life360 during the third quarter worth $98,000. MetLife Investment Management LLC acquired a new stake in Life360 during the third quarter worth $139,000. Finally, KBC Group NV acquired a new stake in Life360 during the fourth quarter worth $147,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Company Profile

(Get Free Report)

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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