Capstone Investment Advisors LLC Takes Position in Life360, Inc. (NASDAQ:LIF)

Capstone Investment Advisors LLC bought a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,142 shares of the company's stock, valued at approximately $419,000.

Several other large investors have also recently made changes to their positions in the business. New York State Common Retirement Fund bought a new position in Life360 during the 4th quarter valued at about $25,000. Summit Investment Advisors Inc. boosted its holdings in Life360 by 82.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after purchasing an additional 484 shares during the last quarter. KBC Group NV bought a new stake in Life360 in the 4th quarter worth approximately $147,000. Corebridge Financial Inc. raised its stake in Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock valued at $210,000 after buying an additional 1,987 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Life360 by 79.9% during the 4th quarter. MetLife Investment Management LLC now owns 6,373 shares of the company's stock valued at $263,000 after buying an additional 2,830 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on LIF shares. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and increased their target price for the company from $52.00 to $55.00 in a report on Friday, January 17th. Stifel Nicolaus cut their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $47.38.

Insider Activity

In other news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.94, for a total transaction of $139,493.76. Following the completion of the sale, the chief financial officer now directly owns 145,650 shares in the company, valued at approximately $6,545,511. This trade represents a 2.09 % 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, General Counsel Susan L. Stick sold 2,822 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the completion of the transaction, the general counsel now owns 86,752 shares in the company, valued at approximately $3,650,524.16. The trade was a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,485 shares of company stock valued at $7,336,900.

Life360 Stock Performance

Shares of Life360 stock traded up $0.53 during trading hours on Friday, reaching $45.72. The company's stock had a trading volume of 448,029 shares, compared to its average volume of 381,084. The firm has a 50 day moving average price of $39.37 and a 200-day moving average price of $42.67. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, equities research analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

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.