Life360, Inc. (NASDAQ:LIF) Sees Significant Increase in Short Interest

Life360, Inc. (NASDAQ:LIF) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 452,000 shares, a growth of 28.8% from the September 30th total of 350,800 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 262,200 shares, the days-to-cover ratio is presently 1.7 days.

Life360 Stock Performance

NASDAQ LIF opened at $44.44 on Wednesday. Life360 has a 1 year low of $26.00 and a 1 year high of $46.12. The business’s 50-day moving average is $39.57.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $84.86 million for the quarter, compared to analyst estimates of $85.00 million. On average, sell-side analysts expect that Life360 will post -0.37 earnings per share for the current year.

Insider Buying and Selling at Life360

In other Life360 news, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction 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 sale, the director now owns 106,742 shares of the company’s stock, valued at $3,463,777.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 transaction, the director now directly owns 67,102 shares in the company, valued at $2,505,588.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles J. Prober sold 40,000 shares of the firm’s 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 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 90 days, insiders have sold 77,088 shares of company stock worth $2,672,781.

Institutional Trading of Life360

Several large investors have recently added to or reduced their stakes in LIF. Point72 DIFC Ltd purchased a new position in shares of Life360 during the second quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 during the 2nd quarter worth about $192,000. XY Capital Ltd purchased a new position in Life360 during the 2nd quarter valued at about $205,000. SG Americas Securities LLC purchased a new position in Life360 during the 3rd quarter valued at about $246,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Life360 in the 2nd quarter valued at about $405,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LIF shares. Jefferies Financial Group assumed coverage on Life360 in a research report on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. UBS Group boosted their price target on shares of Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Loop Capital raised their price objective on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. JMP Securities lifted their price objective on shares of Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus increased their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Life360 presently has an average rating of “Buy” and an average price target of $41.00.

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.