Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan Sells 3,125 Shares

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 3,125 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $37.86, for a total value of $118,312.50. Following the completion of the transaction, the director now owns 34,286 shares of the company’s stock, valued at $1,298,067.96. The trade was a 8.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Life360 Trading Down 6.9 %

Shares of NASDAQ LIF traded down $2.73 during trading on Thursday, reaching $36.75. The company had a trading volume of 393,431 shares, compared to its average volume of 367,271. The company’s fifty day moving average price is $43.19 and its 200-day moving average price is $43.06. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77.

Life360 (NASDAQ:LIF) last announced its 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). The company had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and increased their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Seven 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.com, the company presently has a consensus rating of “Buy” and a consensus target price of $47.63.

Hedge Funds Weigh In On Life360

A number of hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund bought a new stake in Life360 during the fourth quarter valued at $25,000. Summit Investment Advisors Inc. grew its stake in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after purchasing an additional 484 shares during the period. BNP Paribas Financial Markets bought a new stake in Life360 in the third quarter worth approximately $98,000. MetLife Investment Management LLC bought a new stake in Life360 in the third quarter worth approximately $139,000. Finally, KBC Group NV acquired a new position in Life360 in the fourth quarter valued at approximately $147,000. Institutional investors own 20.00% of the company’s stock.

About Life360

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.