Life360, Inc. (NASDAQ:LIF - Get Free Report) Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $37.86, for a total value of $118,312.50. Following the transaction, the director now owns 34,286 shares of the company's stock, valued at $1,298,067.96. This trade represents a 8.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Life360 Trading Down 6.9 %
NASDAQ:LIF opened at $36.75 on Friday. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.77. The firm has a 50-day moving average price of $42.99 and a two-hundred day moving average price of $43.02.
Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The business had revenue of $115.53 million for the quarter, compared to the consensus estimate of $114.39 million. Equities analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.
Hedge Funds Weigh In On Life360
A number of hedge funds and other institutional investors have recently made changes to their positions in LIF. Hodges Capital Management Inc. bought a new stake in Life360 in the third quarter worth about $3,876,000. FMR LLC increased its stake in shares of Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company's stock worth $59,817,000 after purchasing an additional 86,917 shares during the last quarter. State Street Corp bought a new stake in shares of Life360 in the 3rd quarter worth approximately $2,393,000. Cherrydale Wealth Management LLC purchased a new position in Life360 in the fourth quarter valued at approximately $340,000. Finally, JPMorgan Chase & Co. grew its holdings in Life360 by 295.6% during the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock valued at $514,000 after purchasing an additional 9,754 shares during the period. 20.00% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, UBS Group raised Life360 from a "neutral" rating to a "buy" rating and lifted their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $47.63.
View Our Latest Report on Life360
About Life360
(
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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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