Life360, Inc. (NASDAQ:LIF) Shares Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust boosted its position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 39.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,893 shares of the company's stock after buying an additional 41,596 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.19% of Life360 worth $5,639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of LIF. Millennium Management LLC lifted its position in shares of Life360 by 9.2% during the fourth 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 position in shares of Life360 by 320.0% during the first 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. Franklin Resources Inc. lifted its position in shares of Life360 by 402.9% during the fourth quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after purchasing an additional 432,292 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Life360 by 86.2% in the fourth quarter. Marshall Wace LLP now owns 411,326 shares of the company's stock valued at $16,975,000 after acquiring an additional 190,422 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Life360 by 49.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 303,393 shares of the company's stock valued at $12,521,000 after acquiring an additional 100,217 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Stock Performance

NASDAQ LIF traded up $0.31 during trading hours on Tuesday, reaching $68.47. The stock had a trading volume of 804,036 shares, compared to its average volume of 498,157. The stock has a fifty day moving average of $61.01 and a 200 day moving average of $48.34. The stock has a market cap of $5.24 billion and a P/E ratio of 760.72. Life360, Inc. has a 52-week low of $28.94 and a 52-week high of $71.68.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. The firm 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%. On average, equities research analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on LIF. Citigroup restated an "outperform" rating on shares of Life360 in a report on Monday, June 16th. JMP Securities boosted their target price on shares of Life360 from $55.00 to $62.00 and gave the stock a "market outperform" rating in a report on Monday, June 16th. Canaccord Genuity Group set a $75.00 target price on shares of Life360 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. UBS Group boosted their target price on shares of Life360 from $57.00 to $71.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, Stifel Nicolaus reduced their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $59.50.

Insider Transactions at Life360

In other Life360 news, COO Lauren Antonoff sold 4,546 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was 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 directly owned 312,324 shares of the company's stock, valued at approximately $19,520,250. The trade was a 1.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brit Morin sold 448 shares of the business's stock in a transaction that occurred on 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 transaction, the director directly owned 25,994 shares of the company's stock, valued at $1,643,600.62. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,933 shares of company stock valued at $5,732,608 over the last quarter. Company insiders own 8.00% of the company's stock.

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.