Emerald Mutual Fund Advisers Trust increased its stake in Life360, Inc. (NASDAQ:LIF - Free Report) by 39.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,893 shares of the company's stock after purchasing an additional 41,596 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.19% of Life360 worth $5,639,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its stake in Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC grew its stake in Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after acquiring an additional 2,116 shares in the last quarter. Deutsche Bank AG grew its stake in Life360 by 3,952.9% during the 4th quarter. Deutsche Bank AG now owns 4,134 shares of the company's stock valued at $171,000 after acquiring an additional 4,032 shares in the last quarter. Corebridge Financial Inc. grew its stake in Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock valued at $210,000 after acquiring an additional 1,987 shares in the last quarter. Finally, JT Stratford LLC purchased a new position in Life360 during the 4th quarter valued at about $231,000. Hedge funds and other institutional investors own 20.00% of the company's stock.
Life360 Price Performance
LIF traded down $0.10 on Friday, hitting $64.18. The company had a trading volume of 442,802 shares, compared to its average volume of 493,831. The company's fifty day moving average price is $60.52 and its 200 day moving average price is $48.15. Life360, Inc. has a 1-year low of $28.94 and a 1-year high of $67.11. The stock has a market cap of $4.91 billion and a price-to-earnings ratio of 713.11.
Life360 (NASDAQ:LIF - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS 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 analyst estimates of $101.48 million. On average, sell-side analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.
Insiders Place Their Bets
In other news, COO Lauren Antonoff sold 4,546 shares of the stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $38.78, for a total value of $176,293.88. Following the completion of the transaction, the chief operating officer owned 340,224 shares in the company, valued at approximately $13,193,886.72. This represents a 1.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles J. Prober sold 7,942 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $61.63, for a total transaction of $489,465.46. Following the completion of the transaction, the director owned 105,456 shares of the company's stock, valued at approximately $6,499,253.28. This represents a 7.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,933 shares of company stock valued at $5,732,608 in the last ninety days.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on LIF shares. UBS Group lifted their target price on Life360 from $57.00 to $71.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Loop Capital boosted their price target on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. JMP Securities boosted 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. Stifel Nicolaus lowered their price target on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group set a $75.00 target price on Life360 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $59.50.
View Our Latest Report on Life360
About Life360
(
Free Report)
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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