Two Sigma Investments LP Takes Position in Life360, Inc. (NASDAQ:LIF)

Two Sigma Investments LP acquired a new stake in shares of Life360, Inc. (NASDAQ:LIF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,265 shares of the company’s stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LIF. New York State Common Retirement Fund bought a new position in shares of Life360 during the fourth quarter valued at about $25,000. Summit Investment Advisors Inc. boosted its holdings in shares of Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock worth $44,000 after purchasing an additional 484 shares during the period. Deutsche Bank AG boosted its holdings in shares of Life360 by 3,952.9% during the fourth quarter. Deutsche Bank AG now owns 4,134 shares of the company’s stock worth $171,000 after purchasing an additional 4,032 shares during the period. Corebridge Financial Inc. boosted its holdings in shares of Life360 by 64.0% during the fourth quarter. Corebridge Financial Inc. now owns 5,092 shares of the company’s stock worth $210,000 after purchasing an additional 1,987 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Life360 by 83.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,797 shares of the company’s stock worth $239,000 after purchasing an additional 2,630 shares during the period. 20.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LIF. Canaccord Genuity Group increased their target price on shares of Life360 from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Stifel Nicolaus dropped their target price on shares of Life360 from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Loop Capital increased their target price on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Finally, UBS Group increased their target price on shares of Life360 from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $51.00.

Insider Buying and Selling at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $34.39, for a total value of $106,746.56. Following the completion of the sale, 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 SEC, which is accessible through this hyperlink. Also, COO Lauren Antonoff sold 5,500 shares of Life360 stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $38.38, for a total transaction of $211,090.00. Following the completion of the sale, the chief operating officer now directly owns 312,302 shares of the company’s stock, valued at approximately $11,986,150.76. This trade represents a 1.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,429 shares of company stock valued at $1,938,392. Corporate insiders own 8.00% of the company’s stock.

Life360 Price Performance

Shares of LIF opened at $62.50 on Wednesday. Life360, Inc. has a one year low of $26.45 and a one year high of $65.79. The company has a 50-day simple moving average of $48.61 and a two-hundred day simple moving average of $45.30. The firm has a market capitalization of $4.78 billion and a PE ratio of 694.44.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $103.62 million during the quarter, compared to analyst estimates of $101.48 million. Analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

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.