Janus Henderson Group PLC Makes New Investment in Life360, Inc. (NASDAQ:LIF)

Janus Henderson Group PLC bought a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,700 shares of the company's stock, valued at approximately $1,348,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIF. JPMorgan Chase & Co. boosted its stake in shares of Life360 by 295.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company's stock valued at $514,000 after purchasing an additional 9,754 shares during the last quarter. SG Americas Securities LLC boosted its position in Life360 by 54.1% during the fourth quarter. SG Americas Securities LLC now owns 9,649 shares of the company's stock valued at $398,000 after acquiring an additional 3,386 shares during the last quarter. KBC Group NV bought a new stake in Life360 during the fourth quarter valued at $147,000. Hodges Capital Management Inc. grew its holdings in Life360 by 18.3% during the 4th quarter. Hodges Capital Management Inc. now owns 116,493 shares of the company's stock worth $4,808,000 after acquiring an additional 18,000 shares during the period. Finally, First Dallas Securities Inc. raised its position in shares of Life360 by 50.4% in the 4th quarter. First Dallas Securities Inc. now owns 10,450 shares of the company's stock worth $431,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors own 20.00% of the company's stock.

Analysts Set New Price Targets

LIF has been the subject of several recent analyst reports. Canaccord Genuity Group raised their target price on Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Stifel Nicolaus cut their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Loop Capital raised their price target on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, UBS Group lifted their price target on shares of Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Life360 presently has an average rating of "Buy" and a consensus price target of $51.00.

Life360 Stock Up 0.2%

LIF traded up $0.12 during trading on Wednesday, hitting $62.77. 97,089 shares of the company's stock were exchanged, compared to its average volume of 411,846. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $63.68. The stock has a market cap of $4.80 billion and a P/E ratio of 696.59. The business's 50 day moving average is $43.73 and its two-hundred day moving average is $43.91.

Life360 (NASDAQ:LIF - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. On average, sell-side analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Transactions at Life360

In related news, Director Charles J. Prober sold 50,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the transaction, the director now directly owns 102,742 shares of the company's stock, valued at $4,265,847.84. This trade represents a 32.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Susan L. Stick sold 2,822 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now owns 86,752 shares in the company, valued at approximately $3,650,524.16. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,686 shares of company stock valued at $6,491,299 over the last ninety days. 8.00% of the stock is currently owned by insiders.

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.