4,106 Shares in Life360, Inc. $LIF Purchased by Cherrydale Wealth Management LLC

Key Points

• Cherrydale Wealth Management LLC has invested approximately $268,000 in Life360, Inc. by acquiring 4,106 shares in the second quarter.
• Life360's stock recently opened at $102.92 with a market capitalization of $7.98 billion, and analysts have set a new price target ranging from $90.00 to $120.00.
• Director Charles J. Prober sold 7,930 shares at an average price of $100.24, decreasing his ownership by nearly 7% amid an environment of significant insider activity.

Cherrydale Wealth Management LLC purchased a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,106 shares of the company's stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Life360 by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock worth $237,000 after buying an additional 378 shares in the last quarter. WealthPlan Investment Management LLC raised its stake in Life360 by 5.6% in the first quarter. WealthPlan Investment Management LLC now owns 10,550 shares of the company's stock worth $405,000 after buying an additional 558 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Life360 by 937.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after buying an additional 1,978 shares in the last quarter. GAMMA Investing LLC raised its stake in Life360 by 2,938.9% in the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after buying an additional 2,116 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Life360 by 433.3% in the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock worth $123,000 after buying an additional 2,600 shares in the last quarter. Institutional investors own 20.00% of the company's stock.

Life360 Stock Performance

Shares of LIF traded down $0.80 during trading hours on Monday, reaching $102.12. 619,954 shares of the company traded hands, compared to its average volume of 1,101,342. The stock has a market capitalization of $7.92 billion, a P/E ratio of 319.13 and a beta of 3.49. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $107.34. The business has a fifty day moving average price of $85.49 and a 200-day moving average price of $62.83.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The company had revenue of $115.38 million for the quarter, compared to analyst estimates of $109.33 million. Life360 has set its FY 2025 guidance at EPS. Equities analysts anticipate that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Life360 news, Director Mark Goines sold 20,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $86.87, for a total value of $1,737,400.00. Following the sale, the director directly owned 71,809 shares of the company's stock, valued at approximately $6,238,047.83. This represents a 21.78% 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, Director Charles J. Prober sold 7,930 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $100.24, for a total transaction of $794,903.20. Following the completion of the sale, the director directly owned 105,456 shares in the company, valued at approximately $10,570,909.44. The trade was a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,044 shares of company stock valued at $14,913,407 in the last 90 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LIF shares. JMP Securities boosted their price objective on shares of Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Tuesday, August 12th. Evercore ISI boosted their price objective on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Stifel Nicolaus upped their price target on Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Canaccord Genuity Group upped their price target on Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $91.43.

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.