FNY Investment Advisers LLC Makes New Investment in Life360, Inc. $LIF

FNY Investment Advisers LLC acquired a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,500 shares of the company's stock, valued at approximately $228,000.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Life360 by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company's stock valued at $237,000 after buying an additional 378 shares in the last quarter. WealthPlan Investment Management LLC grew its holdings in Life360 by 5.6% during the 1st quarter. WealthPlan Investment Management LLC now owns 10,550 shares of the company's stock worth $405,000 after acquiring an additional 558 shares during the last quarter. Keystone Financial Group Inc. acquired a new stake in Life360 in the 2nd quarter valued at about $62,000. KLP Kapitalforvaltning AS increased its position in Life360 by 11.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 15,100 shares of the company's stock valued at $985,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in Life360 by 937.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after acquiring an additional 1,978 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LIF shares. Evercore ISI raised their price objective on shares of Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Canaccord Genuity Group raised their price objective on shares of Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Weiss Ratings restated a "hold (c)" rating on shares of Life360 in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their price objective on Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $91.43.

Insider Activity at Life360

In other news, Director John Philip Coghlan sold 10,000 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.01, for a total transaction of $850,100.00. Following the completion of the transaction, the director directly owned 67,604 shares in the company, valued at approximately $5,747,016.04. The trade was a 12.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell John Burke sold 16,287 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total value of $1,472,670.54. Following the transaction, the chief financial officer owned 63,030 shares of the company's stock, valued at $5,699,172.60. The trade was a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 153,683 shares of company stock worth $13,619,753. 8.00% of the stock is owned by company insiders.

Life360 Price Performance

Shares of LIF stock opened at $89.51 on Thursday. The stock has a 50-day moving average price of $96.70 and a 200 day moving average price of $71.88. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 279.73 and a beta of 3.51. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $112.54.

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

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.

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