Life360 (NASDAQ:LIF) Trading Down 5.4% – Should You Sell?

Life360, Inc. (NASDAQ:LIF) shares traded down 5.4% during mid-day trading on Friday . The company traded as low as $38.70 and last traded at $39.27. 205,304 shares were traded during trading, a decline of 38% from the average session volume of 332,896 shares. The stock had previously closed at $41.49.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and raised their price objective for the company from $52.00 to $55.00 in a report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of “Buy” and a consensus price target of $47.63.

Life360 Trading Down 8.1 %

The stock has a fifty day moving average of $43.67 and a two-hundred day moving average of $42.82.

Life360 (NASDAQ:LIF) last announced its quarterly 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). The company had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. As a group, research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $41.41, for a total transaction of $128,536.64. Following the transaction, the chief financial officer now directly owns 154,962 shares of the company’s stock, valued at approximately $6,416,976.42. The trade was a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Synge sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $43.43, for a total value of $1,085,750.00. Following the transaction, the director now directly owns 241,944 shares in the company, valued at $10,507,627.92. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,143 shares of company stock valued at $6,519,549 in the last ninety days.

Hedge Funds Weigh In On Life360

Hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund purchased a new position in shares of Life360 during the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. increased its stake in shares of Life360 by 82.3% during the fourth 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 period. BNP Paribas Financial Markets purchased a new position in shares of Life360 during the third quarter valued at approximately $98,000. MetLife Investment Management LLC bought a new stake in shares of Life360 during the third quarter valued at approximately $139,000. Finally, KBC Group NV bought a new stake in shares of Life360 during the fourth quarter valued at approximately $147,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

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.