Wealthstream Advisors Inc. Purchases Shares of 903,131 Life360, Inc. (NASDAQ:LIF)

Wealthstream Advisors Inc. acquired a new position in Life360, Inc. (NASDAQ:LIF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 903,131 shares of the company’s stock, valued at approximately $35,538,000. Life360 makes up approximately 6.5% of Wealthstream Advisors Inc.’s portfolio, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIF. WealthPlan Investment Management LLC increased its stake in shares of Life360 by 8.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock valued at $383,000 after acquiring an additional 738 shares in the last quarter. XY Capital Ltd grew its holdings in Life360 by 157.4% in the third quarter. XY Capital Ltd now owns 16,295 shares of the company’s stock worth $641,000 after purchasing an additional 9,965 shares during the period. Emerald Advisers LLC increased its stake in Life360 by 6.0% in the third quarter. Emerald Advisers LLC now owns 221,679 shares of the company’s stock valued at $8,723,000 after purchasing an additional 12,458 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Life360 by 0.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock valued at $6,697,000 after purchasing an additional 736 shares during the period. Finally, Ausbil Investment Management Ltd bought a new position in shares of Life360 during the 3rd quarter worth about $2,749,000.

Wall Street Analysts Forecast Growth

LIF has been the subject of a number of research analyst reports. Loop Capital boosted their target price on Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Stifel Nicolaus upped their target price on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JMP Securities boosted their price target on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday. UBS Group raised their price objective on shares of Life360 from $35.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group began coverage on shares of Life360 in a report on Friday, August 9th. They issued a “buy” rating and a $43.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $44.75.

Insider Activity

In other Life360 news, Director James Synge sold 3,471 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was 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 $2,505,588.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director James Synge sold 3,471 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the 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 owns 106,742 shares in the company, valued at approximately $3,463,777.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,088 shares of company stock valued at $2,672,781 in the last three months.

Life360 Stock Down 8.2 %

Shares of NASDAQ:LIF opened at $44.15 on Thursday. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $48.90. The company has a fifty day simple moving average of $41.02.

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.