Vanguard Group Inc. Boosts Stock Position in Life360, Inc. $LIF

Vanguard Group Inc. increased its stake in Life360, Inc. (NASDAQ:LIF) by 18.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,271,920 shares of the company’s stock after buying an additional 1,260,236 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Life360 worth $879,305,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in LIF. Norges Bank purchased a new position in Life360 during the 2nd quarter valued at about $60,369,000. Bank of New York Mellon Corp boosted its position in shares of Life360 by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock valued at $44,844,000 after acquiring an additional 137,997 shares during the period. Federated Hermes Inc. grew its stake in Life360 by 20.3% during the third quarter. Federated Hermes Inc. now owns 446,744 shares of the company’s stock valued at $47,489,000 after acquiring an additional 75,283 shares in the last quarter. Emerald Advisers LLC increased its holdings in Life360 by 3.8% during the 2nd quarter. Emerald Advisers LLC now owns 281,229 shares of the company’s stock worth $18,350,000 after acquiring an additional 10,412 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Life360 by 35.8% during the 2nd quarter. Geode Capital Management LLC now owns 253,862 shares of the company’s stock worth $16,557,000 after acquiring an additional 66,900 shares during the period. Institutional investors own 20.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Chris Hulls sold 1,846 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total transaction of $118,070.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $77.22, for a total value of $241,312.50. Following the completion of the sale, the director owned 12,110 shares in the company, valued at approximately $935,134.20. This represents a 20.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 592,875 shares of company stock valued at $45,486,817 over the last 90 days.

Life360 Price Performance

LIF opened at $50.61 on Monday. 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 business’s fifty day simple moving average is $59.74 and its 200 day simple moving average is $79.05. Life360, Inc. has a 52 week low of $29.62 and a 52 week high of $112.54. The stock has a market cap of $3.97 billion, a PE ratio of 148.85 and a beta of 3.80.

Analyst Upgrades and Downgrades

Several research analysts have commented on LIF shares. Citizens Jmp downgraded shares of Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Citigroup restated a “buy” rating on shares of Life360 in a research report on Tuesday, January 27th. DA Davidson began coverage on Life360 in a report on Thursday, December 11th. They issued a “buy” rating and a $94.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Life360 has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Life360 Company 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.