Mark Goines Sells 30,000 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director Mark Goines sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $42.00, for a total value of $1,260,000.00. Following the completion of the transaction, the director now directly owns 36,272 shares of the company’s stock, valued at $1,523,424. This trade represents a 45.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Life360 Trading Down 0.2 %

LIF stock opened at $40.63 on Thursday. The company has a fifty day moving average price of $44.02 and a 200 day moving average price of $42.75. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.76.

Life360 (NASDAQ:LIF) last announced its earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. Analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LIF has been the subject of several recent analyst reports. Canaccord Genuity Group boosted their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, JMP Securities upped their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Life360 currently has a consensus rating of “Buy” and a consensus price target of $47.63.

Institutional Trading of Life360

Hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new position in shares of Life360 in the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. grew its position in Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after buying an additional 484 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Life360 in the 3rd quarter valued at $98,000. MetLife Investment Management LLC purchased a new position in Life360 during the 3rd quarter worth $139,000. Finally, KBC Group NV acquired a new stake in shares of Life360 in the 4th quarter worth $147,000. 20.00% of the stock is owned by institutional investors and hedge funds.

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.