Wealthstream Advisors Inc. Reduces Stock Position in Life360, Inc. $LIF

Key Points

• Wealthstream Advisors Inc. reduced its stake in Life360, Inc. by 11.3%, now holding 61,541 shares, worth approximately $4 million, making it the 17th largest position in their portfolio.
• Several institutional investors have significantly increased their positions in Life360, with GAMMA Investing LLC and Caitong International Asset Management seeing increases of over 900% in their holdings during the first quarter.
• Life360 received multiple upgrades from analysts, with an average rating of "Buy" and a consensus price target of $91.43, indicating positive market sentiment towards the company's future performance.

Wealthstream Advisors Inc. lessened its holdings in Life360, Inc. (NASDAQ:LIF - Free Report) by 11.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,541 shares of the company's stock after selling 7,870 shares during the quarter. Life360 makes up about 0.7% of Wealthstream Advisors Inc.'s holdings, making the stock its 17th largest position. Wealthstream Advisors Inc. owned 0.08% of Life360 worth $4,016,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Keystone Financial Group Inc. purchased a new position in Life360 in the second quarter valued at $62,000. GAMMA Investing LLC increased its holdings in Life360 by 2,938.9% in the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company's stock valued at $84,000 after buying an additional 2,116 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Life360 by 937.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company's stock valued at $84,000 after buying an additional 1,978 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Life360 by 433.3% in the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company's stock valued at $123,000 after buying an additional 2,600 shares during the last quarter. Finally, Strs Ohio acquired a new position in Life360 in the first quarter valued at $157,000. Hedge funds and other institutional investors own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

LIF has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on shares of Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Life360 from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Citigroup initiated coverage on shares of Life360 in a research note on Thursday, July 31st. They issued a "buy" rating and a $90.00 price objective for the company. Zacks Research upgraded shares of Life360 from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Finally, JMP Securities upped their price objective on shares of Life360 from $62.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $91.43.

Insiders Place Their Bets

In other news, Director John Philip Coghlan sold 3,125 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $88.12, for a total value of $275,375.00. Following the completion of the sale, the director directly owned 9,375 shares of the company's stock, valued at approximately $826,125. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Goines sold 20,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 71,809 shares of the company's stock, valued at $6,238,047.83. This represents a 21.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 161,333 shares of company stock valued at $14,199,340. 8.00% of the stock is owned by insiders.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $87.60 on Friday. The company has a 50-day simple moving average of $96.29 and a 200-day simple moving average of $71.00. Life360, Inc. has a one year low of $29.62 and a one year high of $112.54. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 273.76 and a beta of 3.51.

Life360 (NASDAQ:LIF - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The business 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. On average, analysts predict that Life360, Inc. will post -0.17 EPS for the current year.

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.

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