Russell Investments Group Ltd. Invests $536,000 in Life360, Inc. (NASDAQ:LIF)

Russell Investments Group Ltd. acquired a new stake in Life360, Inc. (NASDAQ:LIF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,995 shares of the company’s stock, valued at approximately $536,000.

Other hedge funds have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC lifted its stake in Life360 by 2.5% in the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company’s stock valued at $412,000 after buying an additional 247 shares during the period. New York State Common Retirement Fund bought a new stake in Life360 in the 4th quarter valued at about $25,000. Corebridge Financial Inc. raised its stake in Life360 by 64.0% during 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 during the period. SG Americas Securities LLC boosted its holdings in Life360 by 54.1% in the fourth quarter. SG Americas Securities LLC now owns 9,649 shares of the company’s stock worth $398,000 after acquiring an additional 3,386 shares in the last quarter. Finally, First Dallas Securities Inc. grew its stake in Life360 by 50.4% in the fourth quarter. First Dallas Securities Inc. now owns 10,450 shares of the company’s stock valued at $431,000 after acquiring an additional 3,500 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Up 1.2 %

NASDAQ:LIF opened at $38.36 on Thursday. The firm’s 50 day moving average is $39.65 and its 200 day moving average is $42.70. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.77.

Life360 (NASDAQ:LIF) last issued its earnings results on Thursday, February 27th. The company reported $0.10 EPS 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 company had revenue of $115.53 million during the quarter, compared to the consensus estimate of $114.39 million. As a group, equities research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling

In other Life360 news, General Counsel Susan L. Stick sold 2,822 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now directly owns 86,752 shares in the company, valued at $3,650,524.16. This trade represents a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.94, for a total value of $139,493.76. Following the completion of the sale, the chief financial officer now directly owns 145,650 shares of the company’s stock, valued at approximately $6,545,511. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,314 shares of company stock worth $7,029,291.

Analysts Set New Price Targets

A number of research firms recently weighed in on LIF. Stifel Nicolaus lowered their target price on shares of Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group raised shares of Life360 from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $47.38.

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.