Ameriprise Financial Inc. Grows Position in Life360, Inc. (NASDAQ:LIF)

Ameriprise Financial Inc. grew its stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,198 shares of the company's stock after purchasing an additional 9,878 shares during the period. Ameriprise Financial Inc. owned approximately 0.12% of Life360 worth $3,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LIF. PDT Partners LLC purchased a new stake in Life360 in the 4th quarter valued at about $1,076,000. Schonfeld Strategic Advisors LLC boosted its holdings in Life360 by 33.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 12,100 shares of the company's stock worth $499,000 after buying an additional 3,000 shares during the period. Northern Trust Corp lifted its stake in Life360 by 227.6% in the 4th quarter. Northern Trust Corp now owns 112,370 shares of the company's stock worth $4,638,000 after purchasing an additional 78,070 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Life360 in the 4th quarter worth approximately $4,417,000. Finally, Lord Abbett & CO. LLC lifted its stake in Life360 by 49.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 303,393 shares of the company's stock worth $12,521,000 after purchasing an additional 100,217 shares in the last quarter. 20.00% of the stock is owned by institutional investors.

Insider Transactions at Life360

In other news, Director Charles J. Prober sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total value of $2,076,000.00. Following the completion of the sale, the director now owns 102,742 shares in the company, valued at approximately $4,265,847.84. The trade was a 32.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $60.07, for a total transaction of $186,457.28. Following the completion of the sale, the chief financial officer now owns 209,083 shares of the company's stock, valued at approximately $12,559,615.81. This represents a 1.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,790 shares of company stock worth $6,677,757. 8.00% of the stock is currently owned by insiders.

Life360 Stock Performance

Shares of NASDAQ LIF traded up $0.24 during midday trading on Thursday, reaching $63.04. The stock had a trading volume of 1,020,194 shares, compared to its average volume of 418,185. The company has a market capitalization of $4.82 billion and a price-to-earnings ratio of 700.44. The stock has a 50-day moving average of $44.23 and a 200-day moving average of $44.04. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $63.95.

Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. As a group, analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. UBS Group lifted their target price on shares of Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Loop Capital boosted their price objective on shares of Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Canaccord Genuity Group boosted their price objective on shares of Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $51.00.

About Life360

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.