Life360, Inc. (NASDAQ:LIF) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 2,245.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 189,645 shares of the company's stock after buying an additional 181,558 shares during the period. Victory Capital Management Inc. owned 0.25% of Life360 worth $7,280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted its stake in shares of Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares during the last quarter. Corebridge Financial Inc. lifted its stake in shares of Life360 by 64.0% in the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock valued at $210,000 after purchasing an additional 1,987 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after purchasing an additional 2,116 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Life360 by 433.3% in the 1st quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock valued at $123,000 after purchasing an additional 2,600 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Life360 by 83.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,797 shares of the company's stock valued at $239,000 after purchasing an additional 2,630 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company's stock.

Analysts Set New Price Targets

LIF has been the subject of a number of research analyst reports. Loop Capital raised their target price on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Wall Street Zen lowered shares of Life360 from a "buy" rating to a "hold" rating in a research note on Saturday. Canaccord Genuity Group set a $75.00 price target on shares of Life360 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Citigroup reiterated an "outperform" rating on shares of Life360 in a research note on Monday, June 16th. Finally, UBS Group boosted their price target on shares of Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.50.

Insiders Place Their Bets

In other news, Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $65.93, for a total value of $206,031.25. Following the completion of the sale, the director directly owned 15,625 shares of the company's stock, valued at $1,030,156.25. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lauren Antonoff sold 4,546 shares of Life360 stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $75.69, for a total value of $344,086.74. Following the transaction, the chief operating officer directly owned 307,778 shares of the company's stock, valued at approximately $23,295,716.82. This represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,793 shares of company stock worth $7,048,111. Corporate insiders own 8.00% of the company's stock.

Life360 Stock Up 2.0%

Shares of NASDAQ LIF opened at $76.81 on Friday. The stock has a market cap of $5.88 billion and a PE ratio of 853.44. Life360, Inc. has a 52-week low of $28.94 and a 52-week high of $77.11. The business has a 50-day moving average price of $64.91 and a 200 day moving average price of $50.19.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.09. Life360 had a return on equity of 4.05% and a net margin of 2.42%. The company had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. Sell-side analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current 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.

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