Life360, Inc. $LIF Position Increased by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. raised its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 11.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,975 shares of the company’s stock after buying an additional 7,043 shares during the period. Life360 comprises approximately 1.1% of Wilson Asset Management International PTY Ltd.’s investment portfolio, making the stock its 29th biggest position. Wilson Asset Management International PTY Ltd. owned approximately 0.09% of Life360 worth $4,566,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LIF. Keystone Financial Group Inc. purchased a new stake in shares of Life360 in the 2nd quarter valued at approximately $62,000. GAMMA Investing LLC lifted its position in shares of Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock valued at $84,000 after acquiring an additional 2,116 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Life360 by 937.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock valued at $84,000 after acquiring an additional 1,978 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Life360 by 433.3% in the 1st quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock valued at $123,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Life360 in the 1st quarter valued at approximately $157,000. 20.00% of the stock is currently owned by institutional investors.

Life360 Stock Performance

Shares of LIF opened at $103.20 on Tuesday. The company’s fifty day moving average is $94.78 and its 200-day moving average is $69.67. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $112.54. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 322.51 and a beta of 3.51. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. The business had revenue of $115.38 million during the quarter, compared to the consensus estimate 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. Equities analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at Life360

In related news, CFO Russell John Burke sold 16,287 shares of the company’s stock in a transaction on 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 completion of 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 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 7,930 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $100.24, for a total transaction of $794,903.20. Following the sale, the director directly owned 105,456 shares of the company’s stock, valued at approximately $10,570,909.44. This represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 153,403 shares of company stock worth $13,380,964 in the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on LIF. Zacks Research upgraded shares of Life360 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Evercore ISI upped their price objective on shares of Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Life360 in a research note on Wednesday, October 8th. JMP Securities upped their price objective on shares of Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 12th. Finally, UBS Group upped their price objective on shares of Life360 from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $91.43.

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.