47,826 Shares in Life360, Inc. $LIF Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management acquired 47,826 Life360 shares worth approximately $2.65 million, giving it a 0.06% stake. Institutional investors collectively own 20% of the company.
• Analysts maintain a generally positive outlook, with Life360 receiving a consensus “Moderate Buy” rating and an average price target of $60.72, despite targets ranging from $47 to $72.
• Life360 shares opened at $44.66, down 2.5%, after the company narrowly missed quarterly earnings estimates: adjusted earnings were $0.06 per share versus expectations of $0.08, while revenue of $158.96 million exceeded forecasts.

Landscape Capital Management L.L.C. acquired a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 47,826 shares of the company's stock, valued at approximately $2,648,000. Landscape Capital Management L.L.C. owned 0.06% of Life360 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Life360 by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,153,096 shares of the company's stock valued at $74,372,000 after acquiring an additional 85,857 shares during the last quarter. State Street Corp boosted its position in shares of Life360 by 17.3% in the 4th quarter. State Street Corp now owns 905,153 shares of the company's stock worth $58,057,000 after purchasing an additional 133,722 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company's stock worth $80,801,000 after purchasing an additional 352,110 shares during the last quarter. Norges Bank acquired a new stake in shares of Life360 during the fourth quarter worth $47,097,000. Finally, Federated Hermes Inc. grew its stake in shares of Life360 by 31.7% during the fourth quarter. Federated Hermes Inc. now owns 588,182 shares of the company's stock worth $37,726,000 after purchasing an additional 141,438 shares during the period. 20.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on LIF shares. Morgan Stanley set a $65.20 target price on Life360 in a research note on Wednesday, August 12th. DA Davidson boosted their target price on Life360 from $42.00 to $47.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Wall Street Zen cut Life360 from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Canaccord Genuity Group set a $72.00 price target on shares of Life360 in a research note on Tuesday, May 12th. Finally, UBS Group reduced their price target on shares of Life360 from $64.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Life360 has a consensus rating of "Moderate Buy" and a consensus target price of $60.72.

Life360 Trading Down 2.5%

NASDAQ LIF opened at $44.66 on Friday. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 26.12 and a beta of 2.35. The stock's 50 day moving average price is $53.04 and its two-hundred day moving average price is $47.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The firm had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. As a group, analysts anticipate that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Life360

In related news, Director Brit Morin sold 10,701 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $642,060.00. Following the completion of the transaction, the director owned 20,157 shares in the company, valued at approximately $1,209,420. This represents a 34.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $48.59, for a total transaction of $385,318.70. Following the completion of the transaction, the director directly owned 109,930 shares of the company's stock, valued at approximately $5,341,498.70. This trade represents a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 352,637 shares of company stock worth $17,104,265. Company insiders own 6.80% of the company's stock.

About Life360

Life360, Inc NASDAQ: LIF operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company's services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.

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