Life360, Inc. (NASDAQ:LIF) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 38.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,297 shares of the company's stock after selling 64,885 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.14% of Life360 worth $4,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. State Street Corp acquired a new position in Life360 during the 3rd quarter worth approximately $2,393,000. Barclays PLC purchased a new stake in shares of Life360 during the 3rd quarter worth $320,000. Geode Capital Management LLC acquired a new position in shares of Life360 during the third quarter worth $5,134,000. Franklin Resources Inc. purchased a new position in Life360 in the third quarter valued at $4,689,000. Finally, Lord Abbett & CO. LLC acquired a new stake in Life360 in the third quarter valued at $7,995,000. Hedge funds and other institutional investors own 20.00% of the company's stock.

Life360 Price Performance

NASDAQ LIF traded up $1.26 on Friday, reaching $44.58. The stock had a trading volume of 301,214 shares, compared to its average volume of 380,534. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.77. The business's 50-day moving average price is $39.12 and its 200 day moving average price is $42.65.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $115.53 million during the quarter, compared to analysts' expectations of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LIF has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and upped their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $47.38.

Insider Buying and Selling

In related news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $39.21, for a total value of $121,707.84. Following the transaction, the chief financial officer now directly owns 215,291 shares in the company, valued at $8,441,560.11. This trade represents a 1.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Susan L. Stick sold 2,822 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now owns 86,752 shares of the company's stock, valued at approximately $3,650,524.16. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 173,360 shares of company stock valued at $7,201,588 over the last quarter.

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.