Jupiter Topco LLC Acquires Shares of 35,300 Life360, Inc. $LIF

Key Points

• Jupiter Topco acquired 35,300 Life360 shares during the second quarter, valued at approximately $1.95 million. Institutional investors collectively own 20% of the company.
• Life360 reported quarterly revenue of $158.96 million, exceeding estimates, but earnings per share of $0.06 fell short of the $0.08 consensus forecast. Analysts maintain a “Moderate Buy” consensus with an average price target of $60.72.
• Life360 shares opened at $43.88, well below their 12-month high of $112.54. Insiders sold 369,557 shares worth approximately $17.9 million over the past 90 days.

Jupiter Topco LLC purchased a new position in Life360, Inc. (NASDAQ:LIF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,300 shares of the company's stock, valued at approximately $1,954,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC bought a new stake in shares of Life360 during the third quarter valued at approximately $32,000. Strive Financial Group LLC bought a new position in Life360 in the fourth quarter worth approximately $26,000. IFP Advisors Inc bought a new position in Life360 in the third quarter worth approximately $47,000. MCF Advisors LLC purchased a new position in Life360 during the 4th quarter worth $32,000. Finally, Advisory Services Network LLC purchased a new position in Life360 during the 3rd quarter worth $80,000. Institutional investors own 20.00% of the company's stock.

Life360 Stock Up 1.6%

Shares of NASDAQ LIF opened at $43.88 on Friday. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54. The stock's fifty day simple moving average is $52.20 and its two-hundred day simple moving average is $47.01. The stock has a market capitalization of $3.58 billion, a PE ratio of 25.66 and a beta of 2.24. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The company had revenue of $158.96 million during the quarter, compared to the consensus estimate of $156.68 million. As a group, analysts expect that Life360, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings upgraded Life360 from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 21st. UBS Group cut their price target on Life360 from $64.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, August 11th. Canaccord Genuity Group set a $72.00 price objective on Life360 in a report on Tuesday, May 12th. Wall Street Zen lowered shares of Life360 from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Finally, Citigroup dropped their target price on shares of Life360 from $66.65 to $60.10 and set a "buy" rating on the stock in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $60.72.

Insiders Place Their Bets

In related news, Director Charles Prober sold 7,930 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $48.59, for a total transaction of $385,318.70. Following the completion of the sale, the director owned 109,930 shares of the company's stock, valued at $5,341,498.70. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Coghlan sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the sale, the director owned 16,431 shares of the company's stock, valued at approximately $689,609.07. This trade represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 369,557 shares of company stock worth $17,915,251. Insiders own 6.80% of the company's stock.

About Life360

Life360, Inc NASDAQ: LIF operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company's services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.

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