Deutsche Bank AG Acquires 5,516 Shares of Life360, Inc. $LIF

Key Points

• Deutsche Bank AG has significantly increased its ownership of Life360, Inc. by 133.4%, acquiring an additional 5,516 shares to bring its total to 9,650 shares, valued at approximately $370,000.
• Life360 has received multiple analyst upgrades, with several firms setting target prices as high as $95.00 and maintaining a consensus rating of Buy for the stock.
• During the last three months, insiders sold 197,119 shares of Life360 stock valued at approximately $14.57 million, indicating a shift in management's stock holdings.

Deutsche Bank AG lifted its position in Life360, Inc. (NASDAQ:LIF - Free Report) by 133.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,650 shares of the company's stock after purchasing an additional 5,516 shares during the quarter. Deutsche Bank AG's holdings in Life360 were worth $370,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LIF. GAMMA Investing LLC lifted its stake in shares of Life360 by 2,938.9% in the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after purchasing an additional 2,116 shares during the period. New York State Common Retirement Fund increased its position in shares of Life360 by 433.3% in the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock valued at $123,000 after buying an additional 2,600 shares in the last quarter. JT Stratford LLC purchased a new position in shares of Life360 in the fourth quarter valued at $231,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Life360 by 83.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,797 shares of the company's stock valued at $239,000 after buying an additional 2,630 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Life360 by 79.9% in the fourth 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 in the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Loop Capital raised their price target on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Stifel Nicolaus raised 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. JMP Securities raised their price target on Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 12th. Citigroup began coverage on Life360 in a research report on Thursday, July 31st. They set a "buy" rating and a $90.00 price target for the company. Finally, Evercore ISI raised their price objective on Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $86.43.

Life360 Stock Performance

Shares of NASDAQ:LIF traded down $0.87 during trading on Friday, reaching $90.44. The stock had a trading volume of 567,933 shares, compared to its average volume of 829,395. 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 52 week low of $29.62 and a 52 week high of $92.51. The stock has a fifty day simple moving average of $74.94 and a two-hundred day simple moving average of $56.85. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 282.63 and a beta of 3.46.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at Life360

In other Life360 news, Director Brit Morin sold 47,584 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $61.14, for a total value of $2,909,285.76. Following the completion of the transaction, the director directly owned 26,442 shares in the company, valued at $1,616,663.88. This trade represents a 64.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell John Burke sold 16,287 shares of Life360 stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the sale, the chief financial officer directly owned 63,030 shares of the company's stock, valued at $5,699,172.60. The trade was a 20.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 213,406 shares of company stock valued at $16,043,725. 8.00% of the stock is currently owned by company insiders.

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.