PDT Partners LLC Acquires Shares of 26,080 Life360, Inc. (NASDAQ:LIF)

PDT Partners LLC acquired a new position 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 & Exchange Commission. The firm acquired 26,080 shares of the company's stock, valued at approximately $1,076,000.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund bought a new stake in shares of Life360 during the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. lifted its position in shares of Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company's stock worth $44,000 after purchasing an additional 484 shares during the last quarter. KBC Group NV purchased a new stake in shares of Life360 during the fourth quarter valued at $147,000. Corebridge Financial Inc. grew its holdings in shares of Life360 by 64.0% in the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock worth $210,000 after purchasing an additional 1,987 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Life360 by 79.9% in the 4th quarter. MetLife Investment Management LLC now owns 6,373 shares of the company's stock worth $263,000 after buying an additional 2,830 shares during the period. Hedge funds and other institutional investors own 20.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Life360 presently has a consensus rating of "Buy" and an average target price of $47.38.

Life360 Price Performance

LIF stock traded up $1.26 during trading on Friday, reaching $44.58. 301,214 shares of the company traded hands, compared to its average volume of 380,534. The business has a 50 day simple moving average of $39.12 and a 200 day simple moving average of $42.65. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77.

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

Insider Buying and Selling

In related news, COO Lauren Antonoff sold 14,091 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $42.17, for a total value of $594,217.47. Following the completion of the transaction, the chief operating officer now directly owns 293,769 shares of the company's stock, valued at $12,388,238.73. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $34.39, for a total transaction of $106,746.56. Following the sale, the chief financial officer now directly owns 208,395 shares in the company, valued at approximately $7,166,704.05. This represents a 1.47 % 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 worth $7,201,588 in the last ninety days.

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.