Life360 (NASDAQ:LIF) Trading Down 4.3% – What’s Next?

Shares of Life360, Inc. (NASDAQ:LIF) traded down 4.3% during trading on Thursday . The stock traded as low as $43.88 and last traded at $43.88. 51,909 shares were traded during trading, a decline of 80% from the average session volume of 257,212 shares. The stock had previously closed at $45.87.

Wall Street Analysts Forecast Growth

LIF has been the subject of a number of analyst reports. 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 note on Friday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $40.00 price target (up previously from $37.00) on shares of Life360 in a research report on Friday, August 9th. Loop Capital upped their price objective on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group initiated coverage on Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. Finally, JMP Securities boosted their price target on Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $39.75.

Life360 Price Performance

The firm’s fifty day simple moving average is $38.09.

Life360 (NASDAQ:LIF) last announced its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts anticipate that Life360, Inc. will post -0.29 EPS for the current year.

Insider Buying and Selling at Life360

In related news, Director James Synge sold 3,471 shares of Life360 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 transaction, the director now directly owns 67,102 shares in the company, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director James Synge sold 3,471 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the transaction, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. This represents a 0.00 % decrease in their position. 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in Life360 during the 2nd quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Life360 during the second quarter valued at $192,000. SG Americas Securities LLC bought a new position in shares of Life360 during the 3rd quarter valued at about $246,000. XY Capital Ltd bought a new stake in shares of Life360 in the second quarter worth about $205,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Life360 in the second quarter worth about $405,000.

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.