Teacher Retirement System of Texas Increases Stock Position in Life360, Inc. (NASDAQ:LIF)

Teacher Retirement System of Texas raised its position in Life360, Inc. (NASDAQ:LIF) by 81.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,365 shares of the company’s stock after acquiring an additional 6,014 shares during the quarter. Teacher Retirement System of Texas’ holdings in Life360 were worth $513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LIF. Charles Schwab Investment Management Inc. lifted its position in shares of Life360 by 203.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 42,186 shares of the company’s stock worth $1,741,000 after purchasing an additional 28,279 shares during the period. Victory Capital Management Inc. bought a new position in Life360 in the fourth quarter worth about $334,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Life360 in the fourth quarter worth about $797,000. Swiss National Bank bought a new stake in Life360 during the 4th quarter valued at approximately $5,717,000. Finally, Quantbot Technologies LP bought a new stake in Life360 during the 4th quarter valued at approximately $813,000. 20.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their target price on Life360 from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Citigroup reissued an “outperform” rating on shares of Life360 in a research report on Monday, June 16th. Canaccord Genuity Group set a $75.00 price target on shares of Life360 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. UBS Group boosted their price objective on shares of Life360 from $57.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, June 16th. Finally, Loop Capital upped their price objective on shares of Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $59.50.

Insider Activity at Life360

In related news, COO Lauren Antonoff sold 4,546 shares of Life360 stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $38.78, for a total value of $176,293.88. Following the completion of the sale, the chief operating officer owned 340,224 shares of the company’s stock, valued at $13,193,886.72. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles J. Prober sold 7,942 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $61.63, for a total value of $489,465.46. Following the completion of the transaction, the director directly owned 105,456 shares in the company, valued at approximately $6,499,253.28. This represents a 7.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,293 shares of company stock valued at $6,786,026 over the last ninety days. Company insiders own 8.00% of the company’s stock.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $70.44 on Thursday. The business has a fifty day moving average price of $62.01 and a 200-day moving average price of $48.63. The company has a market capitalization of $5.39 billion and a PE ratio of 782.67. Life360, Inc. has a 1-year low of $28.94 and a 1-year high of $70.46.

Life360 (NASDAQ:LIF) last posted its earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. The business had revenue of $103.62 million during the quarter, compared to analyst estimates of $101.48 million. Life360 had a return on equity of 4.05% and a net margin of 2.42%. On average, sell-side analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Life360 Company 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.