Nuveen LLC Takes $905,000 Position in Life360, Inc. $LIF

Nuveen LLC acquired a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,567 shares of the company's stock, valued at approximately $905,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LIF. MetLife Investment Management LLC grew its stake in shares of Life360 by 79.9% during the 4th quarter. MetLife Investment Management LLC now owns 6,373 shares of the company's stock worth $263,000 after acquiring an additional 2,830 shares during the period. Northern Trust Corp grew its stake in shares of Life360 by 227.6% during the 4th quarter. Northern Trust Corp now owns 112,370 shares of the company's stock worth $4,638,000 after acquiring an additional 78,070 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in shares of Life360 by 33.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 12,100 shares of the company's stock worth $499,000 after acquiring an additional 3,000 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Life360 by 12.3% during the 4th quarter. Ameriprise Financial Inc. now owns 90,198 shares of the company's stock worth $3,708,000 after acquiring an additional 9,878 shares during the period. Finally, BNP Paribas Financial Markets grew its stake 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 worth $3,013,000 after acquiring an additional 70,493 shares during the period. Institutional investors own 20.00% of the company's stock.

Life360 Price Performance

Shares of NASDAQ:LIF traded up $4.96 on Friday, hitting $93.44. The company's stock had a trading volume of 630,408 shares, compared to its average volume of 814,262. The company has a 50-day simple moving average of $77.71 and a 200 day simple moving average of $58.25. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $93.50. The company has a market capitalization of $7.25 billion, a PE ratio of 292.01 and a beta of 3.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01.

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

Analyst Upgrades and Downgrades

LIF has been the subject of several research reports. Canaccord Genuity Group increased their price target on Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. JMP Securities increased their price objective on Life360 from $62.00 to $95.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 12th. Evercore ISI increased their price objective on Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Loop Capital increased their price objective on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, UBS Group reissued a "buy" rating and set a $85.00 price objective (up previously from $71.00) on shares of Life360 in a report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $86.43.

Insider Activity at Life360

In related news, Director James Synge sold 25,000 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $84.23, for a total transaction of $2,105,750.00. Following the transaction, the director directly owned 219,754 shares of the company's stock, valued at approximately $18,509,879.42. This trade represents a 10.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Russell John Burke sold 16,287 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $90.42, for a total value of $1,472,670.54. Following the transaction, the chief financial officer directly owned 63,030 shares in the company, valued at approximately $5,699,172.60. This represents a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 213,406 shares of company stock worth $16,128,381 in the last quarter. 8.00% of the stock is owned by company insiders.

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.