Life360 (NASDAQ:LIF) Posts Earnings Results, Beats Estimates By $0.10 EPS

by · The Cerbat Gem

Life360 (NASDAQ:LIF – Get Free Report) issued its earnings results on Monday. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10, FiscalAI reports. Life360 had a return on equity of 5.66% and a net margin of 25.73%. The company had revenue of $174.14 million during the quarter, compared to the consensus estimate of $171.53 million.

Life360 Stock Down 5.0%

Shares of NASDAQ:LIF traded down $2.35 during midday trading on Monday, hitting $45.02. 3,289,918 shares of the company’s stock were exchanged, compared to its average volume of 947,522. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. Life360 has a 12 month low of $37.01 and a 12 month high of $95.98. The company has a market cap of $3.67 billion, a PE ratio of 26.33 and a beta of 2.17. The stock has a 50 day moving average price of $42.84 and a 200-day moving average price of $46.95.

Wall Street Analysts Forecast Growth

LIF has been the topic of a number of research reports. Weiss Ratings raised Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Bank of America raised their price objective on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Morgan Stanley set a $65.20 price objective on Life360 in a report on Wednesday, August 12th. UBS Group lowered their target price on Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, DA Davidson reiterated a “neutral” rating and issued a $40.00 target price on shares of Life360 in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Life360 has a consensus rating of “Moderate Buy” and an average target price of $59.93.

Get Our Latest Stock Analysis on LIF

Insiders Place Their Bets

In other Life360 news, Director John Coghlan sold 4,000 shares of Life360 stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $45.80, for a total transaction of $183,200.00. Following the completion of the transaction, the director owned 8,431 shares in the company, valued at approximately $386,139.80. The trade was a 32.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 250,000 shares of Life360 stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total value of $11,710,000.00. Following the transaction, the director owned 382,056 shares of the company’s stock, valued at $17,895,503.04. This trade represents a 39.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 419,089 shares of company stock worth $18,880,975 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Life360 Company Profile

(Get Free Report)

Life360 operates a family safety and location-sharing platform. Its mobile app helps families and other groups share locations, coordinate their activities and receive alerts about arrivals, departures and other events. The service also includes features such as driving insights, roadside assistance and emergency support.

The company’s offerings include the Life360 app and Tile, its line of Bluetooth tracking devices and related services for finding everyday items. Together, these products provide location and safety tools for people, pets and belongings.

Founded in 2008, Life360 serves users in markets around the world, including North America, Europe and the Asia-Pacific region.

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