13,473 Shares in Life360, Inc. (NASDAQ:LIF) Purchased by Barings LLC

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

A number of other hedge funds have also made changes to their positions in LIF. New York State Common Retirement Fund acquired a new stake in Life360 in the 4th quarter valued at about $25,000. BNP Paribas Financial Markets acquired a new stake in Life360 in the 3rd quarter valued at about $98,000. MetLife Investment Management LLC acquired a new stake in Life360 in the 3rd quarter valued at about $139,000. KBC Group NV acquired a new stake in Life360 in the 4th quarter valued at about $147,000. Finally, First Dallas Securities Inc. acquired a new stake in Life360 in the 3rd quarter valued at about $273,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Price Performance

Life360 stock opened at $43.94 on Friday. The company’s 50 day simple moving average is $44.04 and its 200 day simple moving average is $42.71. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $114.39 million. Equities research analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Life360 news, Director Charles J. Prober sold 50,000 shares of Life360 stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total value of $2,076,000.00. Following the transaction, the director now owns 102,742 shares of the company’s stock, valued at approximately $4,265,847.84. The trade was a 32.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $41.41, for a total transaction of $128,536.64. Following the completion of the transaction, the chief financial officer now directly owns 154,962 shares in the company, valued at approximately $6,416,976.42. The trade was a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock valued at $3,487,935 in the last 90 days.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LIF. JMP Securities raised their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, Canaccord Genuity Group lifted their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $47.63.

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.