Invesco Ltd. Acquires New Position in Life360, Inc. $LIF

Key Points

• Invesco Ltd. acquired a new stake in Life360, Inc. by purchasing 14,074 shares valued at approximately $540,000 in the first quarter.
• Institutional investors significantly increased their positions in Life360, with Northern Trust Corp. boosting its ownership by 227.6% in the last quarter.
• Life360's stock recently opened at $93.44 and experienced a price increase of 5.6%, following a quarterly earnings report that surpassed analyst expectations.

Invesco Ltd. acquired a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 14,074 shares of the company's stock, valued at approximately $540,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its position in shares of Life360 by 81.8% during the 1st quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company's stock worth $513,000 after buying an additional 6,014 shares in the last quarter. Emerald Advisers LLC raised its position in shares of Life360 by 53.8% during the 1st quarter. Emerald Advisers LLC now owns 270,817 shares of the company's stock worth $10,397,000 after buying an additional 94,679 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Life360 by 75.6% during the 1st quarter. Federated Hermes Inc. now owns 48,773 shares of the company's stock worth $1,872,000 after buying an additional 21,004 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after buying an additional 418,493 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Life360 by 2,816.3% during the 4th quarter. BNP Paribas Financial Markets now owns 72,996 shares of the company's stock worth $3,013,000 after buying an additional 70,493 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LIF has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price target on shares of Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Stifel Nicolaus boosted their price target on shares of Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. JMP Securities boosted their target price on shares of Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 12th. Evercore ISI boosted their target price on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Life360 from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $86.43.

Life360 Price Performance

Shares of NASDAQ LIF traded up $2.72 during midday trading on Thursday, reaching $98.30. The company's stock had a trading volume of 1,004,787 shares, compared to its average volume of 765,587. 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 50 day moving average price of $80.39 and a 200 day moving average price of $59.69. Life360, Inc. has a one year low of $29.62 and a one year high of $103.65. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 307.20 and a beta of 3.50.

Life360 (NASDAQ:LIF - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The business 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 expect that Life360, Inc. will post -0.17 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Lauren Antonoff sold 17,764 shares of Life360 stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $90.90, for a total value of $1,614,747.60. Following the transaction, the chief executive officer directly owned 338,465 shares of the company's stock, valued at $30,766,468.50. This trade represents a 4.99% 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 Mark Goines sold 20,000 shares of Life360 stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $86.87, for a total transaction of $1,737,400.00. Following the completion of the transaction, the director directly owned 71,809 shares in the company, valued at approximately $6,238,047.83. This trade represents a 21.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 227,640 shares of company stock valued at $17,517,255 over the last 90 days. 8.00% of the stock is owned by corporate insiders.

Life360 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.