Hodges Capital Management Inc. Cuts Stake in Life360, Inc. $LIF

Key Points

• Hodges Capital Management Inc. reduced its stake in Life360, Inc. by 21.0% during the first quarter, selling 24,412 shares and leaving it with 92,081 shares valued at approximately $3.5 million.
• A number of institutional investors, including Rhumbline Advisers and Jacobs Levy Equity Management, have increased their holdings in Life360, with Jacobs Levy boosting its position by an astounding 596.9%.
• Life360's stock has reached a 12-month high of $103.65 and recently exceeded analysts' expectations with $0.08 earnings per share for the last quarter.

Hodges Capital Management Inc. trimmed its position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 21.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 92,081 shares of the company's stock after selling 24,412 shares during the quarter. Hodges Capital Management Inc. owned about 0.12% of Life360 worth $3,535,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in shares of Life360 by 28.2% during the 1st quarter. Rhumbline Advisers now owns 16,217 shares of the company's stock valued at $623,000 after acquiring an additional 3,566 shares during the last quarter. Strs Ohio purchased a new stake in shares of Life360 during the 1st quarter valued at about $157,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Life360 by 12.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company's stock valued at $5,327,000 after acquiring an additional 15,420 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 acquiring an additional 378 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Life360 by 596.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 139,817 shares of the company's stock valued at $5,368,000 after acquiring an additional 119,753 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Life360 Stock Performance

LIF opened at $98.30 on Friday. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 307.20 and a beta of 3.50. The company's 50 day moving average is $80.39 and its 200 day moving average is $59.69. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $103.65.

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

Insider Buying and Selling at Life360

In other Life360 news, Director James Synge sold 25,000 shares of Life360 stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $84.23, for a total transaction of $2,105,750.00. Following the transaction, the director owned 219,754 shares of the company's stock, valued at $18,509,879.42. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Goines sold 20,000 shares of Life360 stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $86.87, for a total transaction of $1,737,400.00. Following the transaction, the director directly owned 71,809 shares in the company, valued at $6,238,047.83. This represents a 21.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,114 shares of company stock valued at $14,118,504. 8.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LIF. JMP Securities raised their price target on shares of Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a report on Tuesday, August 12th. Canaccord Genuity Group raised their price target on shares of Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Evercore ISI raised their price target on shares of Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Citigroup began coverage on shares of Life360 in a report on Thursday, July 31st. They set a "buy" rating and a $90.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $86.43.

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.

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