Mizuho Markets Americas LLC Takes $12.02 Million Position in Life360, Inc. $LIF

Mizuho Markets Americas LLC purchased a new position in Life360, Inc. (NASDAQ:LIF) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 113,032 shares of the company’s stock, valued at approximately $12,015,000. Mizuho Markets Americas LLC owned approximately 0.15% of Life360 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LIF. Benjamin Edwards Inc. acquired a new position in Life360 in the third quarter worth approximately $359,000. CoreCap Advisors LLC lifted its stake in Life360 by 29.4% during the third quarter. CoreCap Advisors LLC now owns 2,200 shares of the company’s stock worth $234,000 after purchasing an additional 500 shares during the period. Longboard Asset Management LP bought a new stake in shares of Life360 in the 3rd quarter valued at approximately $205,000. Permanent Capital Management LP acquired a new position in shares of Life360 in the 3rd quarter worth approximately $2,290,000. Finally, Highland Capital Management LLC acquired a new stake in Life360 in the 3rd quarter valued at $280,000. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on LIF shares. Zacks Research lowered shares of Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. UBS Group cut their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 target price on shares of Life360 in a report on Tuesday, December 16th. DA Davidson initiated coverage on shares of Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 price target on the stock. Finally, Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $92.31.

Insider Activity at Life360

In other Life360 news, CEO Lauren Antonoff sold 19,442 shares of Life360 stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.24, for a total value of $1,482,258.08. Following the sale, the chief executive officer owned 305,385 shares of the company’s stock, valued at approximately $23,282,552.40. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Goines sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $74.19, for a total transaction of $1,112,850.00. Following the transaction, the director directly owned 56,809 shares of the company’s stock, valued at $4,214,659.71. This represents a 20.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 613,022 shares of company stock valued at $47,174,802 in the last 90 days. 8.00% of the stock is currently owned by company insiders.

Life360 Price Performance

Shares of NASDAQ LIF opened at $56.84 on Monday. The company has a market capitalization of $4.46 billion, a PE ratio of 167.18 and a beta of 3.79. The company has a quick ratio of 6.62, a current ratio of 6.80 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average price is $69.21 and its 200-day moving average price is $81.91. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $112.54.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The business had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. On average, equities analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

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.