Life360, Inc. (NASDAQ:LIF) Stock Position Increased by Deutsche Bank AG

Deutsche Bank AG lifted its position in Life360, Inc. (NASDAQ:LIF) by 3,952.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,134 shares of the company’s stock after buying an additional 4,032 shares during the period. Deutsche Bank AG’s holdings in Life360 were worth $171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LIF. New York State Common Retirement Fund acquired a new position in shares of Life360 in the 4th quarter worth $25,000. Summit Investment Advisors Inc. grew its holdings in shares of Life360 by 82.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after acquiring an additional 484 shares during the last quarter. KBC Group NV acquired a new position in shares of Life360 in the 4th quarter worth $147,000. Corebridge Financial Inc. grew its holdings in shares of 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 acquiring an additional 1,987 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Life360 by 79.9% in the 4th quarter. MetLife Investment Management LLC now owns 6,373 shares of the company’s stock worth $263,000 after acquiring an additional 2,830 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Trading Down 3.8%

Shares of LIF stock opened at $61.11 on Tuesday. The stock’s fifty day simple moving average is $45.56 and its 200-day simple moving average is $44.39. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $65.19. The company has a market capitalization of $4.68 billion and a price-to-earnings ratio of 679.00.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, topping 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 company had revenue of $103.62 million for the quarter, compared to analyst estimates of $101.48 million. On average, sell-side analysts predict that Life360, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

LIF has been the topic of a number of recent research reports. Loop Capital lifted their target price on Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Canaccord Genuity Group lifted their target price on Life360 from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Stifel Nicolaus decreased their target price on Life360 from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group lifted their price target on Life360 from $55.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Life360 currently has a consensus rating of “Buy” and an average price target of $51.00.

Insiders Place Their Bets

In related news, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $34.39, for a total transaction of $106,746.56. Following the completion of the transaction, the chief financial officer now owns 208,395 shares of the company’s stock, valued at approximately $7,166,704.05. The trade was a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Lauren Antonoff sold 13,106 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total value of $551,500.48. Following the transaction, the chief operating officer now directly owns 280,663 shares of the company’s stock, valued at $11,810,299.04. This represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,961 shares of company stock valued at $5,106,488 in the last three months. Insiders own 8.00% of the company’s stock.

Life360 Profile

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.