Landscape Capital Management L.L.C. Takes Position in Life360, Inc. $LIF

Landscape Capital Management L.L.C. bought a new stake in Life360, Inc. (NASDAQ:LIF) in the 2nd quarter, Holdings Channel reports. The firm bought 47,826 shares of the company’s stock, valued at approximately $2,648,000.

A number of other institutional investors have also added to or reduced their stakes in LIF. California State Teachers Retirement System raised its position in Life360 by 0.4% during the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock worth $4,026,000 after acquiring an additional 254 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in shares of Life360 by 8.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock valued at $232,000 after acquiring an additional 273 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Life360 by 21.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock worth $107,000 after purchasing an additional 292 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Life360 during the 3rd quarter worth about $32,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Life360 by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock worth $1,379,000 after purchasing an additional 343 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Down 2.5%

Life360 stock opened at $44.66 on Friday. The stock has a market cap of $3.64 billion, a P/E ratio of 26.12 and a beta of 2.35. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. Life360, Inc. has a twelve month low of $37.01 and a twelve month high of $112.54. The company’s 50-day moving average price is $53.04 and its two-hundred day moving average price is $47.74.

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

Insider Transactions at Life360

In related news, Director Brit Morin sold 10,701 shares of Life360 stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $642,060.00. Following the completion of the sale, the director directly owned 20,157 shares of the company’s stock, valued at approximately $1,209,420. This trade represents a 34.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 250,000 shares of Life360 stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $46.84, for a total value of $11,710,000.00. Following the sale, the director directly owned 382,056 shares of the company’s stock, valued at approximately $17,895,503.04. The trade was a 39.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 352,637 shares of company stock worth $17,104,265 in the last ninety days. 6.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LIF has been the subject of a number of research analyst reports. Morgan Stanley set a $65.20 price target on Life360 in a report on Wednesday, August 12th. Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. DA Davidson raised their price target on Life360 from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research report on Tuesday, May 12th. Finally, Evercore set a $68.00 price objective on shares of Life360 in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Life360 has an average rating of “Moderate Buy” and a consensus target price of $60.72.

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.