Life360, Inc. $LIF Shares Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. significantly increased its stake in Life360, Inc. by 596.9%, acquiring an additional 119,753 shares in Q1, bringing its total ownership to 139,817 shares valued at $5.37 million.
• Life360 received multiple upgrades from analysts, with seven analysts currently rating it as a Buy and a consensus price target of $86.43.
• Insider trading activity showed Director James Synge and CFO Russell John Burke each sold a significant number of shares, contributing to a total of 227,640 shares sold by insiders in the last 90 days, valued at over $17.5 million.

Jacobs Levy Equity Management Inc. increased its stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 596.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,817 shares of the company's stock after buying an additional 119,753 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.18% of Life360 worth $5,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lord Abbett & CO. LLC grew its holdings in shares of Life360 by 7.6% during the first quarter. Lord Abbett & CO. LLC now owns 326,549 shares of the company's stock worth $12,536,000 after buying an additional 23,156 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock worth $84,000 after buying an additional 1,978 shares during the last quarter. Nuveen LLC purchased a new position in shares of Life360 during the first quarter worth about $905,000. Invesco Ltd. purchased a new position in shares of Life360 during the first quarter worth about $540,000. Finally, WealthPlan Investment Management LLC grew its holdings in shares of Life360 by 5.6% during the first quarter. WealthPlan Investment Management LLC now owns 10,550 shares of the company's stock worth $405,000 after buying an additional 558 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Insider Activity at Life360

In other news, Director James Synge sold 25,000 shares of Life360 stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $85.80, for a total transaction of $2,145,000.00. Following the completion of the sale, the director directly owned 194,754 shares in the company, valued at approximately $16,709,893.20. This trade represents a 11.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 sale, the director owned 71,809 shares of the company's stock, valued at approximately $6,238,047.83. The trade was a 21.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,114 shares of company stock worth $14,118,504. 8.00% of the stock is currently owned by company insiders.

Life360 Stock Performance

NASDAQ:LIF traded up $1.94 during mid-day trading on Friday, reaching $100.24. The stock had a trading volume of 803,652 shares, compared to its average volume of 744,913. The business has a 50 day simple moving average of $81.08 and a 200 day simple moving average of $60.36. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $103.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 313.26 and a beta of 3.50.

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

Wall Street Analysts Forecast Growth

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

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.