Two Sigma Investments LP Buys Shares of 8,265 Life360, Inc. (NASDAQ:LIF)

Two Sigma Investments LP bought a new position in Life360, Inc. (NASDAQ:LIF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,265 shares of the company's stock, valued at approximately $341,000.

Several other large investors have also modified their holdings of LIF. Nuveen Asset Management LLC raised its stake in Life360 by 19.0% during the 4th quarter. Nuveen Asset Management LLC now owns 232,537 shares of the company's stock valued at $9,597,000 after purchasing an additional 37,091 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Life360 in the 4th quarter worth about $1,993,000. Millennium Management LLC increased its holdings 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 buying an additional 94,077 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Life360 by 83.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,797 shares of the company's stock valued at $239,000 after purchasing an additional 2,630 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Life360 in the fourth quarter valued at $828,000. 20.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of Life360 from $58.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Stifel Nicolaus cut their target price on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. UBS Group increased their target price on shares of Life360 from $55.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Loop Capital raised their price objective on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Life360 presently has an average rating of "Buy" and an average target price of $51.00.

Life360 Stock Performance

Life360 stock traded down $2.12 during midday trading on Friday, reaching $61.09. The stock had a trading volume of 758,116 shares, compared to its average volume of 455,589. Life360, Inc. has a 1-year low of $28.89 and a 1-year high of $65.79. The firm's fifty day simple moving average is $50.44 and its 200-day simple moving average is $45.66. The stock has a market capitalization of $4.68 billion and a P/E ratio of 678.78.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, beating 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 company had revenue of $103.62 million during the quarter, compared to analysts' expectations of $101.48 million. On average, sell-side analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Life360

In related news, CFO Russell John Burke sold 3,030 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $64.13, for a total transaction of $194,313.90. Following the transaction, the chief financial officer now directly owns 195,730 shares of the company's stock, valued at approximately $12,552,164.90. This trade represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $37.86, for a total transaction of $118,312.50. Following the transaction, the director now owns 34,286 shares in the company, valued at approximately $1,298,067.96. The trade was a 8.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,959 shares of company stock worth $2,164,266 over the last quarter. 8.00% of the stock is currently owned by insiders.

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.