Emerald Advisers LLC Has $10.40 Million Stock Position in Life360, Inc. (NASDAQ:LIF)

Emerald Advisers LLC grew its stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 53.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 270,817 shares of the company's stock after purchasing an additional 94,679 shares during the period. Emerald Advisers LLC owned approximately 0.35% of Life360 worth $10,397,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on LIF shares. Loop Capital upped their target price on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Canaccord Genuity Group set a $75.00 target price on Life360 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Stifel Nicolaus cut their target price on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. UBS Group upped their price target on Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a report on Monday, June 16th. 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 report on Monday, June 16th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $59.50.

Life360 Trading Up 5.2%

Shares of LIF traded up $3.31 during trading hours on Monday, hitting $67.50. 170,034 shares of the stock traded hands, compared to its average volume of 493,046. Life360, Inc. has a 1-year low of $28.94 and a 1-year high of $67.69. The firm has a market capitalization of $5.17 billion and a PE ratio of 742.41. The business has a fifty day moving average of $60.52 and a 200-day moving average of $48.15.

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

Insider Transactions at Life360

In other news, COO Lauren Antonoff sold 4,546 shares of Life360 stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $62.50, for a total value of $284,125.00. Following the completion of the transaction, the chief operating officer owned 312,324 shares of the company's stock, valued at $19,520,250. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Susan L. Stick sold 500 shares of Life360 stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $62.33, for a total transaction of $31,165.00. Following the completion of the transaction, the general counsel directly owned 106,422 shares of the company's stock, valued at approximately $6,633,283.26. This trade represents a 0.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,933 shares of company stock worth $5,732,608. 8.00% of the stock is owned by insiders.

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.