Greenspring Advisors LLC Takes Position in Life360, Inc. $LIF

Greenspring Advisors LLC acquired a new position in Life360, Inc. (NASDAQ:LIF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 173,271 shares of the company’s stock, valued at approximately $9,592,000. Life360 comprises 0.5% of Greenspring Advisors LLC’s investment portfolio, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of LIF. Strive Financial Group LLC purchased a new stake in Life360 in the fourth quarter valued at approximately $26,000. MCF Advisors LLC purchased a new position in Life360 during the 4th quarter worth approximately $32,000. NewEdge Advisors LLC purchased a new position in Life360 during the 3rd quarter worth approximately $32,000. IFP Advisors Inc acquired a new stake in Life360 during the 3rd quarter valued at approximately $47,000. Finally, Advisors Asset Management Inc. lifted its stake in Life360 by 136.6% during the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after acquiring an additional 519 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Ratings Changes

LIF has been the topic of a number of research reports. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. UBS Group decreased their target price on shares of Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Bank of America upped their price target on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Life360 in a research report on Friday, August 7th. Finally, Macquarie Infrastructure initiated coverage on Life360 in a research report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.72.

Insider Activity

In related news, Director Brit Morin sold 10,701 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $642,060.00. Following the sale, the director owned 20,157 shares in the company, valued at approximately $1,209,420. This trade represents a 34.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $54.82, for a total transaction of $219,280.00. Following the completion of the transaction, the director directly owned 20,431 shares of the company’s stock, valued at $1,120,027.42. The trade was a 16.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 352,637 shares of company stock valued at $17,104,265. 6.80% of the stock is currently owned by corporate insiders.

Life360 Trading Up 6.1%

Shares of NASDAQ:LIF opened at $45.82 on Friday. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54. The company has a market capitalization of $3.73 billion, a PE ratio of 26.80 and a beta of 2.35. The business has a 50 day moving average of $53.06 and a two-hundred day moving average of $47.76. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $158.96 million for the quarter, compared to analyst estimates of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. As a group, analysts forecast that Life360, Inc. will post 0.53 EPS for the current year.

About Life360

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.