Emerald Advisers LLC Acquires 94,679 Shares of Life360, Inc. (NASDAQ:LIF)

Emerald Advisers LLC boosted its holdings in Life360, Inc. (NASDAQ:LIF - Free Report) by 53.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,817 shares of the company's stock after buying an additional 94,679 shares during the period. Emerald Advisers LLC owned approximately 0.35% of Life360 worth $10,397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC boosted its stake in Life360 by 280.6% in the 4th quarter. Barclays PLC now owns 30,952 shares of the company's stock valued at $1,278,000 after buying an additional 22,820 shares in the last quarter. Swiss National Bank acquired a new position in Life360 in the fourth quarter worth $5,717,000. BNP Paribas Financial Markets boosted its stake in Life360 by 2,816.3% in the fourth quarter. BNP Paribas Financial Markets now owns 72,996 shares of the company's stock worth $3,013,000 after purchasing an additional 70,493 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Life360 by 1,007.8% in the fourth quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock worth $5,397,000 after purchasing an additional 118,974 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Life360 by 12.3% in the fourth quarter. Ameriprise Financial Inc. now owns 90,198 shares of the company's stock worth $3,708,000 after purchasing an additional 9,878 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Russell John Burke sold 3,104 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $63.98, for a total value of $198,593.92. Following the completion of the sale, the chief financial officer owned 199,522 shares in the company, valued at approximately $12,765,417.56. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brit Morin sold 448 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $63.23, for a total value of $28,327.04. Following the completion of the sale, the director owned 25,994 shares of the company's stock, valued at $1,643,600.62. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,293 shares of company stock valued at $6,786,026 in the last ninety days. 8.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group boosted their price objective on Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Canaccord Genuity Group set a $75.00 price objective on Life360 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Loop Capital boosted their price objective on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Stifel Nicolaus reduced their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, JMP Securities upped their price target on Life360 from $55.00 to $62.00 and gave the company a "market outperform" rating in a research note on Monday, June 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $59.50.

Life360 Trading Up 2.9%

Shares of LIF traded up $1.98 during trading hours on Wednesday, hitting $70.44. 708,363 shares of the stock traded hands, compared to its average volume of 502,339. Life360, Inc. has a 1-year low of $28.94 and a 1-year high of $70.43. The firm has a market capitalization of $5.39 billion and a PE ratio of 456.43. The business has a fifty day moving average of $61.50 and a 200-day moving average of $48.48.

Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. The business had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. Life360 had a return on equity of 4.05% and a net margin of 2.42%. As a group, equities research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

About Life360

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.