Vanguard Group Inc. Raises Stake in Life360, Inc. $LIF

Key Points

• Vanguard Group Inc. significantly increased its stake in Life360, Inc. by acquiring 5,540,302 shares, bringing its total ownership to approximately 7.44% of the company, valued at $218 million.
• Several hedge funds, including Summit Investment Advisors and Deutsche Bank AG, have also raised their holdings dramatically in Life360, illustrating growing institutional interest in the stock.
• Life360 has received several positive analyst ratings with price targets increasing, including a target of $95.00 from Evercore ISI and $90.00 from multiple other analysts, indicating strong market confidence in the company's future performance.

Vanguard Group Inc. lifted its holdings in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 3,865.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,683,626 shares of the company's stock after purchasing an additional 5,540,302 shares during the period. Vanguard Group Inc. owned about 7.44% of Life360 worth $218,194,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. grew its holdings in shares of Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock valued at $44,000 after purchasing an additional 484 shares during the last quarter. GAMMA Investing LLC grew its holdings in Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock worth $84,000 after acquiring an additional 2,116 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Life360 by 433.3% in the 1st quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock worth $123,000 after acquiring an additional 2,600 shares during the last quarter. Deutsche Bank AG grew its holdings in Life360 by 3,952.9% in the 4th quarter. Deutsche Bank AG now owns 4,134 shares of the company's stock worth $171,000 after acquiring an additional 4,032 shares during the last quarter. Finally, JT Stratford LLC bought a new stake in Life360 in the 4th quarter worth $231,000. Institutional investors own 20.00% of the company's stock.

Insider Activity at Life360

In related news, Director John Philip Coghlan sold 10,000 shares of Life360 stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $85.01, for a total transaction of $850,100.00. Following the completion of the transaction, the director directly owned 67,604 shares of the company's stock, valued at $5,747,016.04. This trade represents a 12.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brit Morin sold 47,584 shares of Life360 stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $61.14, for a total transaction of $2,909,285.76. Following the transaction, the director directly owned 26,442 shares of the company's stock, valued at approximately $1,616,663.88. This trade represents a 64.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,619 shares of company stock worth $12,738,527 over the last 90 days. 8.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Evercore ISI raised their price target on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Citigroup initiated coverage on shares of Life360 in a report on Thursday, July 31st. They issued a "buy" rating and a $90.00 price target on the stock. Loop Capital raised their price target on shares of Life360 from $52.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Life360 from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Life360 has an average rating of "Buy" and a consensus target price of $86.43.

Life360 Trading Up 4.7%

Shares of NASDAQ:LIF traded up $4.05 on Friday, hitting $90.22. The company had a trading volume of 605,702 shares, compared to its average volume of 836,395. The firm's 50-day simple moving average is $72.14 and its two-hundred day simple moving average is $55.19. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $91.25. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 281.95 and a beta of 3.46.

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

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.