Monograph Wealth Advisors LLC Grows Position in Life360, Inc. (NASDAQ:LIF)

Monograph Wealth Advisors LLC raised its stake in Life360, Inc. (NASDAQ:LIF - Free Report) by 56.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,234 shares of the company's stock after purchasing an additional 36,400 shares during the period. Life360 accounts for 0.6% of Monograph Wealth Advisors LLC's holdings, making the stock its 26th biggest holding. Monograph Wealth Advisors LLC owned 0.14% of Life360 worth $4,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in 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 acquiring an additional 432,292 shares during the period. Marshall Wace LLP boosted its stake in 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 during the last quarter. Citadel Advisors LLC grew its holdings in Life360 by 1,233.3% during the fourth quarter. Citadel Advisors LLC now owns 200,781 shares of the company's stock valued at $8,286,000 after purchasing an additional 185,722 shares during the period. Swiss National Bank purchased a new stake in Life360 in the fourth quarter worth $5,717,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Life360 in the fourth quarter valued at $5,090,000. 20.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LIF has been the subject of a number of recent analyst reports. Loop Capital lifted 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. Canaccord Genuity Group lifted their price target on shares of Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. UBS Group upped their price objective on shares of Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus decreased their target price on shares of Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $51.00.

Life360 Stock Up 1.2%

LIF stock traded up $0.71 during mid-day trading on Monday, hitting $61.36. The company had a trading volume of 722,525 shares, compared to its average volume of 411,498. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $63.68. The company has a 50-day moving average price of $42.91 and a 200 day moving average price of $43.68. The company has a market capitalization of $4.70 billion and a price-to-earnings ratio of 681.78.

Life360 (NASDAQ:LIF - Get Free Report) last released 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 negative return on equity of 4.03% and a negative net margin of 4.72%. The business had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. As a group, analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Susan L. Stick sold 2,822 shares of Life360 stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the sale, the general counsel now directly owns 86,752 shares of the company's stock, valued at $3,650,524.16. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Philip Coghlan sold 3,125 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $43.30, for a total transaction of $135,312.50. Following the sale, the director now directly owns 32,903 shares of the company's stock, valued at $1,424,699.90. The trade was a 8.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 170,777 shares of company stock valued at $7,085,517. Insiders own 8.00% of the company's stock.

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.