Life360, Inc. $LIF Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC has reduced its stake in Life360, Inc. by 19.8%, now owning 84,324 shares valued at $3.24 million after selling 20,833 shares in Q1.
• Life360's stock has experienced recent ups and downs, currently trading at $90.44, while analysts predict a negative EPS of -0.17 for the current fiscal year.
• Several institutional investors have significantly increased their positions in Life360, with Barclays PLC raising its stake by 280.6% and others also showing substantial growth in holdings.

Ieq Capital LLC lowered its stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 84,324 shares of the company's stock after selling 20,833 shares during the quarter. Ieq Capital LLC owned 0.11% of Life360 worth $3,237,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew 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 valued at $218,194,000 after acquiring an additional 5,540,302 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Life360 by 9.2% during the 4th quarter. Millennium Management LLC now owns 1,114,922 shares of the company's stock worth $46,013,000 after purchasing an additional 94,077 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock worth $21,087,000 after purchasing an additional 418,493 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Life360 by 7.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 326,549 shares of the company's stock worth $12,536,000 after purchasing an additional 23,156 shares during the last quarter. Finally, Emerald Advisers LLC increased its position in Life360 by 53.8% during the 1st quarter. Emerald Advisers LLC now owns 270,817 shares of the company's stock valued at $10,397,000 after buying an additional 94,679 shares in the last quarter. Institutional investors own 20.00% of the company's stock.

Insiders Place Their Bets

In related news, CEO Lauren Antonoff sold 4,546 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $90.00, for a total transaction of $409,140.00. Following the completion of the transaction, the chief executive officer directly owned 303,232 shares of the company's stock, valued at $27,290,880. The trade was a 1.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell John Burke sold 16,287 shares of the business'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 transaction, the chief financial officer directly owned 63,030 shares of the company's stock, valued at $5,699,172.60. The trade was a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 210,281 shares of company stock valued at $15,853,006.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of research reports. Canaccord Genuity Group increased their price objective on Life360 from $86.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. UBS Group reiterated a "buy" rating and set a $85.00 price target (up previously from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. Stifel Nicolaus increased their price target on Life360 from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Evercore ISI raised their target price on Life360 from $55.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Finally, Citigroup started 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. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $86.43.

Life360 Trading Down 3.7%

Shares of NASDAQ LIF traded down $3.35 during trading on Tuesday, reaching $87.09. The stock had a trading volume of 906,657 shares, compared to its average volume of 798,463. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $92.51. 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 business's 50-day moving average price is $76.01 and its 200-day moving average price is $57.44. The company has a market cap of $6.75 billion, a P/E ratio of 272.16 and a beta of 3.50.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $115.38 million during the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

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.