Two Sigma Investments LP Buys New Shares in Life360, Inc. (NASDAQ:LIF)

Two Sigma Investments LP bought a new stake in shares of Life360, Inc. (NASDAQ:LIF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 8,265 shares of the company’s stock, valued at approximately $341,000.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in Life360 by 402.9% in the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company’s stock worth $22,269,000 after purchasing an additional 432,292 shares in the last quarter. Marshall Wace LLP lifted its stake in Life360 by 86.2% in the 4th quarter. Marshall Wace LLP now owns 411,326 shares of the company’s stock worth $16,975,000 after purchasing an additional 190,422 shares in the last quarter. Citadel Advisors LLC lifted its stake in Life360 by 1,233.3% in the 4th quarter. Citadel Advisors LLC now owns 200,781 shares of the company’s stock worth $8,286,000 after purchasing an additional 185,722 shares in the last quarter. Swiss National Bank purchased a new stake in Life360 in the 4th quarter worth $5,717,000. Finally, Bank of New York Mellon Corp lifted its stake in Life360 by 1,007.8% in the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company’s stock worth $5,397,000 after purchasing an additional 118,974 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Loop Capital boosted their target price on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Canaccord Genuity Group boosted their target price on shares of Life360 from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. UBS Group boosted their target price on shares of Life360 from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Finally, Stifel Nicolaus reduced their target price on shares of Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $51.00.

Life360 Trading Down 3.2%

Shares of NASDAQ:LIF opened at $62.50 on Wednesday. The company has a market capitalization of $4.78 billion and a price-to-earnings ratio of 694.44. Life360, Inc. has a 12 month low of $26.45 and a 12 month high of $65.79. The firm’s 50-day moving average is $48.61 and its 200 day moving average is $45.30.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.09. The company had revenue of $103.62 million for the quarter, compared to the consensus estimate of $101.48 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, equities analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity at Life360

In related news, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $39.35, for a total transaction of $122,142.40. Following the transaction, the chief financial officer now directly owns 181,857 shares in the company, valued at approximately $7,156,072.95. This represents a 1.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Philip Coghlan sold 3,125 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $37.86, for a total transaction of $118,312.50. Following the completion of the sale, the director now directly owns 34,286 shares of the company’s stock, valued at approximately $1,298,067.96. This trade represents a 8.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,429 shares of company stock worth $1,938,392. Insiders own 8.00% of the company’s stock.

Life360 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.