Susan L. Stick Sells 2,822 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) General Counsel Susan L. Stick sold 2,822 shares of Life360 stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the completion of the transaction, the general counsel now directly owns 86,752 shares in the company, valued at $3,650,524.16. This represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Life360 Price Performance

Life360 stock opened at $40.63 on Thursday. The stock’s 50 day moving average price is $44.02 and its 200 day moving average price is $42.75. Life360, Inc. has a one year low of $26.00 and a one year high of $52.76.

Life360 (NASDAQ:LIF) last released 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 return on equity of 4.03% and a negative net margin of 4.72%. The company had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. As a group, research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On Life360

Institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund acquired a new position in shares of Life360 in the 4th quarter valued at approximately $25,000. Summit Investment Advisors Inc. raised its position in shares of Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after purchasing an additional 484 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Life360 in the 3rd quarter valued at approximately $98,000. MetLife Investment Management LLC acquired a new position in shares of Life360 in the 3rd quarter valued at approximately $139,000. Finally, KBC Group NV acquired a new position in shares of Life360 in the 4th quarter valued at approximately $147,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LIF has been the topic of several research analyst reports. JMP Securities lifted their price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Finally, Canaccord Genuity Group lifted their price objective on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Seven equities 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, the stock presently has an average rating of “Buy” and a consensus target price 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.