Life360 (NASDAQ:LIF) Director Alex Haro Sells 100,000 Shares of Stock

Life360, Inc. (NASDAQ:LIF) Director Alex Haro sold 100,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $76.45, for a total value of $7,645,000.00. Following the completion of the sale, the director owned 861,315 shares of the company’s stock, valued at approximately $65,847,531.75. This trade represents a 10.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Life360 Price Performance

LIF opened at $75.50 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The stock has a market capitalization of $5.92 billion, a PE ratio of 222.06 and a beta of 3.62. The stock’s 50 day moving average price is $91.59 and its 200-day moving average price is $80.97. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $112.54.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The company had revenue of $124.50 million during the quarter, compared to analyst estimates of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. Life360 has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Life360

Hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. lifted its holdings in shares of Life360 by 75.6% during the first quarter. Federated Hermes Inc. now owns 48,773 shares of the company’s stock valued at $1,872,000 after purchasing an additional 21,004 shares during the last quarter. Vanguard Group Inc. increased its position in Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock valued at $218,194,000 after buying an additional 5,540,302 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Life360 by 24.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 52,450 shares of the company’s stock valued at $2,014,000 after buying an additional 10,264 shares during the last quarter. Deutsche Bank AG boosted its holdings in Life360 by 133.4% in the first quarter. Deutsche Bank AG now owns 9,650 shares of the company’s stock worth $370,000 after acquiring an additional 5,516 shares in the last quarter. Finally, WealthPlan Investment Management LLC grew its stake in shares of Life360 by 5.6% in the first quarter. WealthPlan Investment Management LLC now owns 10,550 shares of the company’s stock worth $405,000 after acquiring an additional 558 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LIF shares. JMP Securities lifted their target price on shares of Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Life360 from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group reduced their target price on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Evercore ISI raised their target price on Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

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.