Greenspring Advisors LLC Acquires Shares of 173,271 Life360, Inc. $LIF

Greenspring Advisors LLC acquired a new position in Life360, Inc. (NASDAQ:LIF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 173,271 shares of the company’s stock, valued at approximately $9,592,000. Life360 makes up about 0.5% of Greenspring Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Greenspring Advisors LLC owned approximately 0.21% of Life360 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Life360 during the fourth quarter valued at approximately $47,097,000. Principal Financial Group Inc. boosted its position in Life360 by 455.0% during the first quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock valued at $18,918,000 after purchasing an additional 379,941 shares in the last quarter. Franklin Resources Inc. boosted its position in Life360 by 86.3% during the third quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after purchasing an additional 352,110 shares in the last quarter. Bank of America Corp DE boosted its position in Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock valued at $16,626,000 after purchasing an additional 308,632 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Life360 by 171.3% in the third quarter. Invesco Ltd. now owns 444,923 shares of the company’s stock valued at $47,295,000 after purchasing an additional 280,953 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LIF has been the subject of a number of recent research reports. Macquarie Infrastructure initiated coverage on shares of Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price for the company. Evercore set a $68.00 price target on shares of Life360 in a report on Tuesday, May 12th. UBS Group cut their price objective on shares of Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Citigroup reduced their price objective on shares of Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Life360 in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Life360 currently has an average rating of “Moderate Buy” and a consensus target price of $60.72.

Life360 Stock Up 6.1%

Shares of LIF stock opened at $45.82 on Friday. The stock’s fifty day moving average price is $53.06 and its 200 day moving average price is $47.76. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 26.80 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). Life360 had a return on equity of 5.66% and a net margin of 25.73%.The business had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. On average, research analysts expect that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Life360

In other Life360 news, Director John Philip Coghlan sold 4,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $54.82, for a total value of $219,280.00. Following the completion of the transaction, the director owned 20,431 shares of the company’s stock, valued at approximately $1,120,027.42. This trade represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brit Morin sold 10,701 shares of Life360 stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $642,060.00. Following the sale, the director owned 20,157 shares of the company’s stock, valued at $1,209,420. The trade was a 34.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 352,637 shares of company stock valued at $17,104,265 over the last 90 days. Company insiders own 6.80% of the company’s stock.

Life360 Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.