Life360, Inc. $LIF Shares Acquired by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in Life360, Inc. by 28.2% during the first quarter, acquiring a total of 16,217 shares worth approximately $623,000.
• Vanguard Group and other investors substantially boosted their positions in Life360, with Vanguard's stake growing by 3,865.6% to 5.68 million shares, valued at $218 million.
• Life360's share price performance has led to multiple analysts adjusting their price targets, with JMP Securities and Evercore ISI raising their targets to $95.00, indicating confidence in the stock's future performance.

Rhumbline Advisers boosted its stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 28.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,217 shares of the company's stock after buying an additional 3,566 shares during the quarter. Rhumbline Advisers' holdings in Life360 were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LIF. Vanguard Group Inc. grew its position in Life360 by 3,865.6% during the first 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 grew its position in Life360 by 320.0% during the first 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. Victory Capital Management Inc. grew its position in Life360 by 2,245.1% during the first quarter. Victory Capital Management Inc. now owns 189,645 shares of the company's stock worth $7,280,000 after buying an additional 181,558 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Life360 during the fourth quarter worth about $5,090,000. Finally, Jacobs Levy Equity Management Inc. grew its position in Life360 by 596.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 139,817 shares of the company's stock worth $5,368,000 after buying an additional 119,753 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on LIF. JMP Securities upped their target price on shares of Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 12th. Citigroup initiated coverage on shares of Life360 in a research report on Thursday, July 31st. They set a "buy" rating and a $90.00 target price on the stock. Wall Street Zen raised shares of Life360 from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Evercore ISI upped their price target on shares of Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Finally, Stifel Nicolaus upped their price target on shares of Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $91.43.

Insiders Place Their Bets

In other news, Director James Synge sold 25,000 shares of Life360 stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $84.23, for a total value of $2,105,750.00. Following the completion of the transaction, the director directly owned 219,754 shares of the company's stock, valued at approximately $18,509,879.42. The trade was a 10.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lauren Antonoff sold 17,764 shares of Life360 stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $90.90, for a total transaction of $1,614,747.60. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders sold 175,498 shares of company stock worth $14,629,282.

Life360 Price Performance

Shares of LIF stock opened at $102.12 on Tuesday. The firm has a market cap of $7.92 billion, a P/E ratio of 319.13 and a beta of 3.49. 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, Inc. has a 1-year low of $29.62 and a 1-year high of $107.34. The firm has a fifty day moving average of $85.49 and a two-hundred day moving average of $62.83.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $115.38 million during the quarter, compared to analyst estimates 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. As a group, research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

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.

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