Bayesian Capital Management LP Takes Position in Life360, Inc. (NASDAQ:LIF)

Bayesian Capital Management LP purchased a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,363 shares of the company's stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. increased its position in Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock valued at $22,269,000 after buying an additional 432,292 shares in the last quarter. Marshall Wace LLP grew its stake in Life360 by 86.2% during the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock valued at $16,975,000 after purchasing an additional 190,422 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in Life360 by 49.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 303,393 shares of the company's stock valued at $12,521,000 after purchasing an additional 100,217 shares during the last quarter. Geode Capital Management LLC grew its stake in Life360 by 39.2% during the 4th quarter. Geode Capital Management LLC now owns 181,587 shares of the company's stock valued at $7,494,000 after purchasing an additional 51,129 shares during the last quarter. Finally, Swiss National Bank purchased a new stake in Life360 during the 4th quarter valued at about $5,717,000. Hedge funds and other institutional investors own 20.00% of the company's stock.

Insider Buying and Selling at Life360

In other Life360 news, COO Lauren Antonoff sold 14,091 shares of Life360 stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $42.17, for a total transaction of $594,217.47. Following the sale, the chief operating officer now directly owns 293,769 shares of the company's stock, valued at approximately $12,388,238.73. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $43.60, for a total value of $135,334.40. Following the sale, the chief financial officer now directly owns 142,546 shares in the company, valued at $6,215,005.60. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 173,381 shares of company stock worth $7,197,406 over the last three months. Corporate insiders own 8.00% of the company's stock.

Life360 Stock Performance

Shares of Life360 stock traded up $9.99 during midday trading on Tuesday, hitting $59.50. The company's stock had a trading volume of 836,796 shares, compared to its average volume of 384,722. The stock has a 50-day simple moving average of $39.50 and a 200-day simple moving average of $42.71. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $60.41.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The business had revenue of $103.62 million during the quarter, compared to analyst estimates of $101.48 million. On average, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on LIF. Loop Capital raised their target price on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday. Stifel Nicolaus lowered their target price on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, UBS Group raised Life360 from a "neutral" rating to a "buy" rating and increased their target price for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of "Buy" and an average target price of $49.25.

Life360 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.