AirNet Technology raises $180 million in digital assets offering
Life360 , Inc. (NASDAQ:LIF), a $3.45 billion market cap company that has delivered an impressive 71% return over the past year according to InvestingPro, saw its Chief Financial Officer Burke Russell John recently sell a portion of the company’s stock, according to a filing with the Securities and Exchange Commission. On January 24, Mr. John sold 3,104 shares of common stock at a weighted average price of $46.78, totaling approximately $145,205. Following this transaction, he holds 148,754 shares directly, including 91,008 restricted stock units that represent a contingent right to receive common stock upon vesting. The shares were sold in multiple transactions at prices ranging from $46.51 to $47.05 per share. The sale comes as Life360 maintains strong business momentum with 18.7% revenue growth and an overall GREAT financial health score. InvestingPro subscribers can access 10+ additional insights and a comprehensive Pro Research Report for deeper analysis of Life360’s valuation and growth prospects.
In other recent news, Life360 has seen its stock upgraded by UBS from Neutral to Buy, with a raised price target from $52.00 to $55.00. This upgrade is based on an optimistic outlook on the company’s advertising revenue potential and a forecast of $25 million in revenue for fiscal year 2026, which is 4.5% higher than the consensus. Additionally, the company’s core subscription business has shown resilience, with monthly active users accelerating in three of the last four quarters.
Canaccord Genuity also maintained a positive outlook on Life360, raising the price target from $54.00 to $58.00. This was in response to robust growth in the Subscription segment, driven by greater international market penetration and a successful back-to-school season. Furthermore, Evercore ISI adjusted its price target for Life360 from $39 to $55, maintaining an Outperform rating, following a 31% year-over-year increase in monthly active users.
Life360 also issued a media release on its current operations, as disclosed in a recent 8-K filing with the Securities and Exchange Commission. The content of the media release will be available on the company’s website. Lastly, despite a delay in launching the new Tile product line, the company resolved these issues, leading to a doubling of direct-to-consumer sales in the six weeks following the product line’s launch.
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