Invesco Ltd. Invests $540,000 in Life360, Inc. $LIF

Invesco Ltd. purchased a new position in shares of Life360, Inc. (NASDAQ:LIF) in the first quarter, HoldingsChannel reports. The institutional investor purchased 14,074 shares of the company’s stock, valued at approximately $540,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock worth $218,194,000 after purchasing an additional 5,540,302 shares during the period. Millennium Management LLC increased its holdings in shares of Life360 by 9.2% during the 4th quarter. Millennium Management LLC now owns 1,114,922 shares of the company’s stock worth $46,013,000 after purchasing an additional 94,077 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Life360 by 320.0% during the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company’s stock worth $21,087,000 after purchasing an additional 418,493 shares during the period. Emerald Advisers LLC increased its holdings in shares of Life360 by 53.8% during the 1st quarter. Emerald Advisers LLC now owns 270,817 shares of the company’s stock worth $10,397,000 after purchasing an additional 94,679 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of Life360 by 19.0% during the 4th quarter. Nuveen Asset Management LLC now owns 232,537 shares of the company’s stock worth $9,597,000 after purchasing an additional 37,091 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Price Performance

Shares of Life360 stock opened at $93.44 on Friday. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 292.01 and a beta of 3.50. Life360, Inc. has a 1-year low of $29.62 and a 1-year high of $93.50. The firm’s 50-day moving average price is $77.71 and its two-hundred day moving average price is $58.25.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The firm had revenue of $115.38 million for the quarter, compared to analysts’ expectations of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Life360 has set its FY 2025 guidance at EPS. On average, equities analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Loop Capital boosted their price objective on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Stifel Nicolaus boosted their price objective on Life360 from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. JMP Securities boosted their price objective on Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 12th. Evercore ISI boosted their price objective on Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Finally, UBS Group restated a “buy” rating and set a $85.00 price objective (up from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Life360 presently has a consensus rating of “Buy” and a consensus price target of $86.43.

Insider Activity

In other Life360 news, CFO Russell John Burke sold 16,287 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the sale, the chief financial officer directly owned 63,030 shares of the company’s stock, valued at approximately $5,699,172.60. This represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Synge sold 25,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $85.80, for a total value of $2,145,000.00. Following the sale, the director owned 194,754 shares in the company, valued at $16,709,893.20. The trade was a 11.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 213,406 shares of company stock valued at $16,128,381. Corporate insiders own 8.00% of the company’s stock.

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.