Life360, Inc. (NASDAQ:LIF - Get Free Report) General Counsel Susan L. Stick sold 500 shares of the business's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $33.73, for a total value of $16,865.00. Following the completion of the sale, the general counsel now directly owns 112,309 shares of the company's stock, valued at $3,788,182.57. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Life360 Stock Up 2.8 %
Life360 stock opened at $37.02 on Wednesday. The stock has a 50 day moving average of $40.63 and a two-hundred day moving average of $42.83. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $52.77.
Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share 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%. Analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.
Institutional Trading of Life360
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in Life360 by 28.2% during the first quarter. Rhumbline Advisers now owns 16,217 shares of the company's stock worth $623,000 after purchasing an additional 3,566 shares in the last quarter. GAMMA Investing LLC increased its position in Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after purchasing an additional 2,116 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Life360 by 14,425.5% in the 4th quarter. California State Teachers Retirement System now owns 61,443 shares of the company's stock valued at $2,536,000 after buying an additional 61,020 shares during the period. JT Stratford LLC acquired a new stake in shares of Life360 in the 4th quarter valued at approximately $231,000. Finally, Monograph Wealth Advisors LLC grew its holdings in Life360 by 56.1% during the fourth quarter. Monograph Wealth Advisors LLC now owns 101,234 shares of the company's stock worth $4,178,000 after acquiring an additional 36,400 shares during the period. Hedge funds and other institutional investors own 20.00% of the company's stock.
Analysts Set New Price Targets
Separately, UBS Group raised 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 report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $47.63.
Read Our Latest Stock Analysis 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.
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