69,869 Shares in Life360, Inc. (NASDAQ:LIF) Acquired by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd purchased a new position in shares of Life360, Inc. (NASDAQ:LIF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 69,869 shares of the company’s stock, valued at approximately $2,749,000. Ausbil Investment Management Ltd owned 0.10% of Life360 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in shares of Life360 during the second quarter worth about $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 during the 2nd quarter worth approximately $192,000. XY Capital Ltd purchased a new position in shares of Life360 in the 2nd quarter valued at approximately $205,000. SG Americas Securities LLC acquired a new position in shares of Life360 in the third quarter valued at approximately $246,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Life360 during the second quarter worth approximately $405,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LIF. UBS Group lifted their price objective on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. JMP Securities lifted their target price on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, August 9th. Jefferies Financial Group began coverage on shares of Life360 in a report on Friday, August 9th. They set a “buy” rating and a $43.00 price target for the company. Loop Capital lifted their price objective on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $40.00 target price (up from $37.00) on shares of Life360 in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $39.75.

Life360 Trading Down 0.5 %

Life360 stock traded down $0.21 during mid-day trading on Thursday, reaching $43.42. The company had a trading volume of 20,349 shares, compared to its average volume of 250,177. The business’s 50-day simple moving average is $39.03. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $46.12.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $84.86 million during the quarter, compared to the consensus estimate of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. On average, sell-side analysts forecast that Life360, Inc. will post -0.29 EPS for the current fiscal year.

Insider Activity

In related news, Director James Synge sold 3,471 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the sale, the director now directly owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the sale, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Synge sold 3,471 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the sale, the director now directly owns 67,102 shares in the company, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,088 shares of company stock worth $2,672,781 over the last 90 days.

About Life360

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.