Life360, Inc. (NASDAQ:LIF) Director James Synge Sells 3,471 Shares

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 3,471 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the sale, the director now owns 67,102 shares in the company, valued at $2,505,588.68. The sale was disclosed in a filing with the SEC, which is available at this link.

James Synge also recently made the following trade(s):

• On Monday, September 9th, James Synge sold 33,617 shares of Life360 stock. The shares were sold at an average price of $37.04, for a total transaction of $1,245,173.68.

Life360 Price Performance

LIF stock opened at $33.74 on Tuesday. The business has a 50 day moving average of $34.76. Life360, Inc. has a one year low of $26.00 and a one year high of $41.17.

Life360 (NASDAQ:LIF) last released its earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. The business had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $85.00 million. As a group, equities research analysts forecast that Life360, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LIF has been the subject of several recent research reports. Jefferies Financial Group started coverage on Life360 in a research report on Friday, August 9th. They issued a “buy” rating and a $43.00 price target for the company. JMP Securities upped their price target on Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. UBS Group raised their price objective on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Loop Capital upped their target price on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 target price (up from $37.00) on shares of Life360 in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $39.75.

Hedge Funds Weigh In On Life360

A number of large investors have recently modified their holdings of LIF. Regal Partners Ltd bought a new position in shares of Life360 during the 2nd quarter valued at $23,635,000. XY Capital Ltd bought a new position in shares of Life360 during the second quarter valued at about $205,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Life360 in the second quarter worth about $5,488,000. Emerald Advisers LLC bought a new stake in shares of Life360 in the 2nd quarter valued at about $6,777,000. Finally, Point72 DIFC Ltd purchased a new stake in Life360 during the 2nd quarter valued at about $43,000.

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.