Deutsche Bank AG Invests $1.44 Million in Life360, Inc. $LIF

Key Points

• Deutsche Bank initiated a position in Life360, purchasing 25,933 shares worth approximately $1.44 million during the second quarter. Hedge funds and institutional investors collectively own about 20% of the company.
• Analysts maintain a generally positive outlook, with Life360 carrying a consensus “Moderate Buy” rating and an average price target of $60.72, including recent targets ranging from $65.20 to $72.00.
• Life360 exceeded quarterly revenue expectations but missed on earnings, reporting $158.96 million in revenue and $0.06 EPS versus the $0.08 consensus estimate. Meanwhile, insiders sold roughly 369,557 shares worth $17.9 million over the past 90 days.

Deutsche Bank AG bought a new position in Life360, Inc. (NASDAQ:LIF - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 25,933 shares of the company's stock, valued at approximately $1,436,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LIF. California State Teachers Retirement System lifted its stake in shares of Life360 by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company's stock valued at $4,026,000 after buying an additional 254 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Life360 by 8.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company's stock worth $232,000 after buying an additional 273 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Life360 by 21.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company's stock valued at $107,000 after acquiring an additional 292 shares during the period. NewEdge Advisors LLC bought a new stake in Life360 during the third quarter valued at about $32,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Life360 by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company's stock valued at $1,379,000 after acquiring an additional 343 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LIF. Canaccord Genuity Group set a $72.00 target price on shares of Life360 in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Life360 from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 21st. Bank of America raised their price objective on Life360 from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Evercore set a $68.00 target price on Life360 in a report on Tuesday, May 12th. Finally, Morgan Stanley set a $65.20 target price on Life360 in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.72.

Life360 Stock Performance

LIF stock opened at $43.49 on Friday. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 25.43 and a beta of 2.35. The business's fifty day simple moving average is $52.63 and its two-hundred day simple moving average is $47.32. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51.

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

Insider Activity at Life360

In other Life360 news, Director Brit Morin sold 10,701 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $642,060.00. Following the completion of the sale, the director directly owned 20,157 shares in the company, valued at $1,209,420. This trade represents a 34.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $48.59, for a total value of $385,318.70. Following the transaction, the director directly owned 109,930 shares in the company, valued at approximately $5,341,498.70. The trade was a 6.73% decrease in their ownership of the stock. 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. Insiders have sold 369,557 shares of company stock valued at $17,923,331 over the last 90 days. 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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