23,567 Shares in Life360, Inc. $LIF Acquired by Nuveen LLC

Nuveen LLC acquired a new position in Life360, Inc. (NASDAQ:LIF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,567 shares of the company's stock, valued at approximately $905,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Life360 by 3,865.6% in the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company's stock worth $218,194,000 after purchasing an additional 5,540,302 shares during the period. Millennium Management LLC increased its position in Life360 by 9.2% in 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 period. Bank of New York Mellon Corp increased its position in Life360 by 320.0% in 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 period. Emerald Advisers LLC grew its position in shares of Life360 by 53.8% during the 1st quarter. Emerald Advisers LLC now owns 270,817 shares of the company's stock worth $10,397,000 after buying an additional 94,679 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Life360 by 19.0% during the 4th quarter. Nuveen Asset Management LLC now owns 232,537 shares of the company's stock worth $9,597,000 after buying an additional 37,091 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Up 5.6%

NASDAQ LIF traded up $4.96 during trading on Friday, hitting $93.44. The stock had a trading volume of 630,408 shares, compared to its average volume of 819,720. The company has a market capitalization of $7.25 billion, a PE ratio of 292.01 and a beta of 3.49. The company's 50-day moving average price is $77.71 and its two-hundred day moving average price is $58.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $93.50.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. Life360 had a return on equity of 7.65% and a net margin of 6.45%.The company had revenue of $115.38 million for the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup assumed coverage on Life360 in a research report on Thursday, July 31st. They issued a "buy" rating and a $90.00 price objective for the company. Loop Capital boosted their target price on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. UBS Group restated a "buy" rating and issued a $85.00 target price (up previously from $71.00) on shares of Life360 in a research note on Tuesday, August 12th. JMP Securities boosted their target price on Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded Life360 from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $86.43.

Insider Activity at Life360

In other news, Director Mark Goines sold 20,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $86.87, for a total transaction of $1,737,400.00. Following the sale, the director owned 71,809 shares in the company, valued at $6,238,047.83. This represents a 21.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Synge sold 25,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $85.80, for a total value of $2,145,000.00. Following the sale, the director owned 194,754 shares in the company, valued at approximately $16,709,893.20. This represents a 11.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,406 shares of company stock worth $16,128,381.

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.