Janney Montgomery Scott LLC Makes New Investment in Life360, Inc. $LIF

Key Points

• Janney Montgomery Scott LLC has made a recent investment in Life360, Inc., purchasing 5,276 shares valued at approximately $344,000.
• Several institutional investors, including Vanguard Group Inc. and Bank of New York Mellon Corp, have significantly increased their stakes in Life360 during the first quarter of this year.
• Life360's stock has a market capitalization of $6.79 billion and analysts have given the stock an average rating of "Buy" with a price target of $91.43.

Janney Montgomery Scott LLC purchased a new position in Life360, Inc. (NASDAQ:LIF - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 5,276 shares of the company's stock, valued at approximately $344,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Life360 by 3,865.6% in the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock worth $218,194,000 after buying an additional 5,540,302 shares during the period. Bank of New York Mellon Corp increased its position in Life360 by 320.0% in 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 during the period. Lord Abbett & CO. LLC increased its position in Life360 by 7.6% in the 1st 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 period. Emerald Advisers LLC increased its position in Life360 by 53.8% in 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 during the period. Finally, Victory Capital Management Inc. increased its position in shares of Life360 by 2,245.1% during the first quarter. Victory Capital Management Inc. now owns 189,645 shares of the company's stock valued at $7,280,000 after purchasing an additional 181,558 shares during the period. 20.00% of the stock is owned by institutional investors.

Life360 Stock Performance

Shares of NASDAQ:LIF opened at $87.60 on Monday. The business's fifty day moving average price is $96.29 and its two-hundred day moving average price is $71.24. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 273.76 and a beta of 3.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup assumed coverage on Life360 in a research report on Thursday, July 31st. They set a "buy" rating and a $90.00 price objective on the stock. Wall Street Zen upgraded Life360 from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. UBS Group boosted their price objective on Life360 from $85.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Canaccord Genuity Group boosted their price objective on Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Finally, JMP Securities boosted their price objective on Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $91.43.

Insider Transactions at Life360

In other Life360 news, CFO Russell John Burke sold 16,287 shares of the company's stock in a transaction on 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 sale, the chief financial officer directly owned 63,030 shares in the company, valued at $5,699,172.60. This represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $88.12, for a total value of $275,375.00. Following the completion of the sale, the director owned 9,375 shares in the company, valued at $826,125. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 161,333 shares of company stock valued at $14,199,340.

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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