EP Wealth Advisors LLC Invests $1.45 Million in Life360, Inc. $LIF

EP Wealth Advisors LLC acquired a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 26,233 shares of the company's stock, valued at approximately $1,452,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LIF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock valued at $237,000 after purchasing an additional 378 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Life360 by 12.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company's stock worth $5,327,000 after buying an additional 15,420 shares in the last quarter. Strs Ohio bought a new position in Life360 during the first quarter valued at approximately $157,000. New York State Common Retirement Fund grew its position in Life360 by 59.4% during the second quarter. New York State Common Retirement Fund now owns 5,100 shares of the company's stock valued at $333,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Life360 by 1,065.1% during the second quarter. Invesco Ltd. now owns 163,970 shares of the company's stock worth $10,699,000 after acquiring an additional 149,896 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Life360

In related news, Director Chris Hulls sold 250,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the sale, the director owned 382,056 shares of the company's stock, valued at $17,895,503.04. The trade was a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles J. Prober sold 7,930 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $48.59, for a total transaction of $385,318.70. Following the completion of the sale, the director owned 109,930 shares in the company, valued at approximately $5,341,498.70. This trade represents a 6.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 352,637 shares of company stock valued at $17,104,265. Insiders own 6.80% of the company's stock.

Life360 Stock Performance

LIF opened at $44.66 on Monday. The stock has a market cap of $3.64 billion, a PE ratio of 26.12 and a beta of 2.35. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $53.04 and a 200-day moving average of $47.67. 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 posted its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The firm 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%. Equities research analysts predict that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LIF. Citigroup dropped their target price on Life360 from $66.65 to $60.10 and set a "buy" rating for the company in a report on Thursday, August 13th. Morgan Stanley set a $65.20 price objective on Life360 in a research report on Wednesday, August 12th. Weiss Ratings raised Life360 from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday. Evercore set a $68.00 target price on shares of Life360 in a report on Tuesday, May 12th. Finally, UBS Group decreased their target price on shares of Life360 from $64.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Life360 has an average rating of "Moderate Buy" and a consensus price target of $60.72.

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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