Monograph Wealth Advisors LLC Increases Holdings in Life360, Inc. (NASDAQ:LIF)

Monograph Wealth Advisors LLC boosted its stake in Life360, Inc. (NASDAQ:LIF) by 56.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,234 shares of the company’s stock after purchasing an additional 36,400 shares during the period. Life360 makes up about 0.6% of Monograph Wealth Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Monograph Wealth Advisors LLC’s holdings in Life360 were worth $4,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new position in shares of Life360 during the fourth quarter worth $25,000. Summit Investment Advisors Inc. increased its stake in Life360 by 82.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after buying an additional 484 shares during the period. KBC Group NV purchased a new stake in Life360 during the 4th quarter worth $147,000. Deutsche Bank AG lifted its holdings in Life360 by 3,952.9% in the 4th quarter. Deutsche Bank AG now owns 4,134 shares of the company’s stock worth $171,000 after buying an additional 4,032 shares in the last quarter. Finally, Corebridge Financial Inc. lifted its holdings in Life360 by 64.0% in the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock worth $210,000 after buying an additional 1,987 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LIF shares. Loop Capital raised their target price on Life360 from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Canaccord Genuity Group increased their price target on Life360 from $58.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group lifted their price objective on Life360 from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Finally, Stifel Nicolaus cut their target price on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $51.00.

Life360 Stock Performance

Shares of Life360 stock opened at $60.89 on Wednesday. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $62.64. The firm’s 50-day simple moving average is $41.68 and its 200-day simple moving average is $43.37. The firm has a market cap of $4.66 billion and a PE ratio of 676.56.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. The firm had revenue of $103.62 million for the quarter, compared to analysts’ expectations of $101.48 million. On average, equities analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Activity at Life360

In other news, Director Charles J. Prober sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the completion of the transaction, the director now directly owns 102,742 shares of the company’s stock, valued at approximately $4,265,847.84. This represents a 32.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Susan L. Stick sold 2,822 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $118,749.76. Following the sale, the general counsel now owns 86,752 shares in the company, valued at $3,650,524.16. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 173,881 shares of company stock valued at $7,220,851. Corporate insiders own 8.00% of the company’s stock.

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.