Life360, Inc. (NASDAQ:LIF) Short Interest Update

Life360, Inc. (NASDAQ:LIF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 179,900 shares, an increase of 48.7% from the August 15th total of 121,000 shares. Based on an average trading volume of 259,900 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LIF. UBS Group increased their price objective on Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Jefferies Financial Group started coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective on the stock. Evercore ISI raised shares of Life360 to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Monday, June 17th. JMP Securities increased their target price on Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, August 9th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price objective (up from $37.00) on shares of Life360 in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Life360 presently has a consensus rating of “Buy” and a consensus target price of $39.75.

Life360 Price Performance

NASDAQ:LIF traded down $0.15 on Monday, hitting $34.00. The stock had a trading volume of 165,102 shares, compared to its average volume of 265,868. The stock has a fifty day moving average price of $34.89. Life360 has a 1-year low of $26.00 and a 1-year high of $41.17.

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

Insider Buying and Selling at Life360

In other Life360 news, Director James Synge sold 3,471 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the sale, the director now owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Charles J. Prober sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the sale, the director now owns 106,742 shares of the company’s stock, valued at $3,463,777.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Synge sold 3,471 shares of Life360 stock in a transaction 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 completion of the sale, the director now directly owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,088 shares of company stock valued at $2,672,781.

Institutional Trading of Life360

A number of large investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in shares of Life360 in the 2nd quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Life360 during the 2nd quarter valued at $192,000. XY Capital Ltd acquired a new position in shares of Life360 in the 2nd quarter worth approximately $205,000. Point72 Asset Management L.P. acquired a new position in shares of Life360 in the 2nd quarter valued at $405,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Life360 during the 2nd quarter valued at $5,488,000.

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.