Barings LLC Takes $556,000 Position in Life360, Inc. (NASDAQ:LIF)

Barings LLC acquired a new stake in Life360, Inc. (NASDAQ:LIF) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,473 shares of the company’s stock, valued at approximately $556,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. XY Capital Ltd increased its holdings in Life360 by 157.4% during the third quarter. XY Capital Ltd now owns 16,295 shares of the company’s stock worth $641,000 after buying an additional 9,965 shares during the last quarter. WealthPlan Investment Management LLC increased its position in Life360 by 8.2% during the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock worth $383,000 after buying an additional 738 shares during the last quarter. Wealthstream Advisors Inc. bought a new stake in Life360 in the third quarter valued at approximately $35,538,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Life360 in the third quarter valued at approximately $547,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Life360 during the 3rd quarter worth approximately $675,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JMP Securities increased their price target on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and raised their price target for the company from $52.00 to $55.00 in a report on Friday, January 17th. Finally, Canaccord Genuity Group raised their price target on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Life360 presently has an average rating of “Buy” and an average target price of $47.63.

Insider Buying and Selling at Life360

In related news, COO Lauren Antonoff sold 14,091 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was 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 owns 293,769 shares of the company’s stock, valued at $12,388,238.73. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $41.41, for a total value of $128,536.64. Following the completion of the transaction, the chief financial officer now directly owns 154,962 shares of the company’s stock, valued at approximately $6,416,976.42. This trade represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,715 shares of company stock valued at $3,487,935 in the last three months.

Life360 Price Performance

LIF opened at $43.94 on Friday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76. The stock has a fifty day moving average of $44.04 and a 200-day moving average of $42.71.

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

Life360 Company 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.