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

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

Wall Street Analysts Forecast Growth

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

Life360 Stock Performance

The firm has a 50-day moving average price of $43.67 and a 200-day moving average price of $42.82.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. As a group, sell-side analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling

In other Life360 news, General Counsel Susan L. Stick sold 2,822 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the completion of the transaction, the general counsel now owns 86,752 shares in the company, valued at $3,650,524.16. This trade represents a 3.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.74, for a total value of $132,664.96. Following the completion of the transaction, the chief financial officer now owns 151,858 shares of the company’s stock, valued at approximately $6,490,410.92. This represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,143 shares of company stock valued at $6,519,549.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in Life360 by 14,425.5% in the 4th quarter. California State Teachers Retirement System now owns 61,443 shares of the company’s stock worth $2,536,000 after purchasing an additional 61,020 shares during the period. JT Stratford LLC bought a new stake in shares of Life360 during the 4th quarter valued at about $231,000. Monograph Wealth Advisors LLC boosted its position in shares of Life360 by 56.1% during the 4th quarter. Monograph Wealth Advisors LLC now owns 101,234 shares of the company’s stock valued at $4,178,000 after acquiring an additional 36,400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Life360 during the 4th quarter valued at about $5,090,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Life360 during the 4th quarter valued at about $1,902,000. Institutional investors own 20.00% of the company’s stock.

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.