James Synge Sells 33,617 Shares of Life360, Inc. (NASDAQ:LIF) Stock

Life360, Inc. (NASDAQ:LIF) Director James Synge sold 33,617 shares of Life360 stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $37.04, for a total value of $1,245,173.68. Following the transaction, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

James Synge also recently made the following trade(s):

• On Thursday, September 5th, James Synge sold 3,471 shares of Life360 stock. The stock was sold at an average price of $37.34, for a total transaction of $129,607.14.

Life360 Stock Down 1.7 %

NASDAQ LIF opened at $33.15 on Wednesday. The firm’s 50 day moving average price is $34.80. Life360, Inc. has a one year low of $26.00 and a one year high of $41.17.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. On average, sell-side analysts expect that Life360, Inc. will post -0.29 EPS for the current year.

Analysts Set New Price Targets

LIF has been the subject of several recent analyst reports. Canaccord Genuity Group started coverage on shares of Life360 in a report on Monday, June 17th. They issued a “buy” rating and a $40.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 target price (up previously from $37.00) on shares of Life360 in a research report on Friday, August 9th. Evercore ISI raised Life360 to a “strong-buy” rating and set a $37.00 price target on the stock in a report on Monday, June 17th. Canaccord Genuity Group raised shares of Life360 to a “strong-buy” rating in a report on Monday, June 17th. Finally, UBS Group lifted their price objective on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $39.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in Life360 during the 2nd quarter valued at about $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Life360 during the 2nd quarter valued at $192,000. XY Capital Ltd purchased a new stake in shares of Life360 in the 2nd quarter worth $205,000. Point72 Asset Management L.P. bought a new position in shares of Life360 during the 2nd quarter worth $405,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Life360 during the second quarter valued at $5,488,000.

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.