John Philip Coghlan Sells 3,125 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director John Philip Coghlan sold 3,125 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $37.86, for a total transaction of $118,312.50. Following the sale, the director now directly owns 34,286 shares in the company, valued at $1,298,067.96. This trade represents a 8.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Life360 Trading Down 13.5 %

NASDAQ:LIF opened at $31.78 on Friday. The firm’s fifty day moving average price is $42.68 and its two-hundred day moving average price is $43.07. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

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 analyst estimates of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, sell-side analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Life360

A number of large investors have recently made changes to their positions in LIF. Charles Schwab Investment Management Inc. bought a new stake in Life360 in the 3rd quarter valued at $547,000. The Manufacturers Life Insurance Company bought a new stake in shares of Life360 in the third quarter valued at about $675,000. FMR LLC boosted its position in shares of Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after acquiring an additional 86,917 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Life360 in the third quarter valued at about $98,000. Finally, MetLife Investment Management LLC bought a new position in Life360 during the third quarter worth about $139,000. Institutional investors own 20.00% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and upped their target price for the company from $52.00 to $55.00 in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Life360 presently has an average rating of “Buy” and a consensus target price of $47.63.

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.