123,328 Shares in Life360, Inc. (NASDAQ:LIF) Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Life360, Inc. (NASDAQ:LIF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 123,328 shares of the company's stock, valued at approximately $5,090,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Life360 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LIF. Voloridge Investment Management LLC acquired a new position in shares of Life360 in the fourth quarter valued at approximately $1,902,000. Squarepoint Ops LLC boosted its holdings in shares of Life360 by 303.8% during the 4th quarter. Squarepoint Ops LLC now owns 36,388 shares of the company's stock worth $1,502,000 after buying an additional 27,376 shares during the period. Two Sigma Investments LP acquired a new stake in Life360 during the fourth quarter worth approximately $341,000. Nuveen Asset Management LLC grew its holdings 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 valued at $9,597,000 after purchasing an additional 37,091 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Life360 in the 4th quarter valued at about $1,993,000. Institutional investors own 20.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Loop Capital upped their price target on Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Canaccord Genuity Group boosted their target price on shares of Life360 from $58.00 to $70.00 and gave the company 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 report on Tuesday, May 13th. Finally, Stifel Nicolaus cut their price target on Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Life360 has a consensus rating of "Buy" and a consensus target price of $51.00.

Life360 Stock Down 0.4%

Shares of LIF stock traded down $0.25 during trading on Friday, hitting $64.80. The company had a trading volume of 286,200 shares, compared to its average volume of 448,223. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $65.86. The stock has a market capitalization of $4.96 billion and a price-to-earnings ratio of 720.39. The stock's 50-day moving average is $47.09 and its two-hundred day moving average is $44.83.

Life360 (NASDAQ:LIF - Get Free Report) last posted 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 net margin of 4.72% and a negative return on equity of 4.03%. The firm had revenue of $103.62 million for the quarter, compared to analysts' expectations of $101.48 million. On average, research analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director James Synge sold 25,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $43.43, for a total transaction of $1,085,750.00. Following the sale, the director now owns 241,944 shares in the company, valued at approximately $10,507,627.92. The trade was a 9.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $42.51, for a total transaction of $131,951.04. Following the sale, the chief financial officer now directly owns 184,961 shares of the company's stock, valued at $7,862,692.11. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,033 shares of company stock valued at $3,176,238 over the last 90 days. Insiders own 8.00% of the company's stock.

Life360 Company 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.