Life360, Inc. (NASDAQ:LIF - Get Free Report) Director Charles J. Prober sold 50,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the completion of the transaction, the director now directly owns 102,742 shares in the company, valued at $4,265,847.84. This trade represents a 32.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Life360 Stock Down 3.0 %
Shares of LIF stock opened at $41.79 on Friday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76. The firm's 50 day moving average price is $44.00 and its two-hundred day moving average price is $42.63.
Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The business had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. Analysts expect that Life360, Inc. will post -0.17 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in LIF. XY Capital Ltd lifted its position in shares of Life360 by 157.4% during the third quarter. XY Capital Ltd now owns 16,295 shares of the company's stock worth $641,000 after purchasing an additional 9,965 shares in the last quarter. WealthPlan Investment Management LLC grew its holdings in Life360 by 8.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company's stock worth $383,000 after acquiring an additional 738 shares in the last quarter. Wealthstream Advisors Inc. acquired a new position in Life360 during the 3rd quarter worth $35,538,000. Charles Schwab Investment Management Inc. acquired a new position in Life360 during the 3rd quarter worth $547,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Life360 in the 3rd quarter valued at about $675,000. 20.00% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
LIF has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased 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. 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 report on Friday, January 17th. Finally, JMP Securities raised their target price on shares of Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a research report on Thursday, November 14th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $47.63.
Get Our Latest Research Report on Life360
About Life360
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
