Jupiter Topco LLC Purchases Shares of 35,300 Life360, Inc. $LIF

Jupiter Topco LLC purchased a new position in Life360, Inc. (NASDAQ:LIF) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 35,300 shares of the company’s stock, valued at approximately $1,954,000.

A number of other large investors have also modified their holdings of the business. NewEdge Advisors LLC acquired a new position in shares of Life360 during the third quarter valued at about $32,000. Strive Financial Group LLC purchased a new position in shares of Life360 in the 4th quarter valued at approximately $26,000. IFP Advisors Inc acquired a new stake in Life360 in the 3rd quarter worth approximately $47,000. MCF Advisors LLC acquired a new stake in Life360 in the 4th quarter worth approximately $32,000. Finally, Advisory Services Network LLC purchased a new stake in Life360 during the 3rd quarter worth approximately $80,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Chris Hulls sold 250,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total value of $11,710,000.00. Following the sale, the director owned 382,056 shares in the company, valued at $17,895,503.04. This represents a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $48.59, for a total transaction of $385,318.70. Following the transaction, the director directly owned 109,930 shares of the company’s stock, valued at approximately $5,341,498.70. This trade represents a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 369,557 shares of company stock worth $17,915,251. Company insiders own 6.80% of the company’s stock.

Life360 Trading Up 1.6%

Life360 stock opened at $43.88 on Friday. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 25.66 and a beta of 2.24. The stock has a 50-day moving average price of $52.20 and a 200 day moving average price of $47.01.

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. Sell-side analysts anticipate that Life360, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LIF. Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Bank of America lifted their price objective on shares of Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. DA Davidson boosted their price objective on shares of Life360 from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a report on Tuesday, May 12th. Finally, UBS Group cut their target price on Life360 from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.72.

About Life360

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.