Russell Investments Group Ltd. Sells 2,705 Shares of Life360, Inc. $LIF

Russell Investments Group Ltd. reduced its position in Life360, Inc. (NASDAQ:LIF) by 20.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 10,290 shares of the company’s stock after selling 2,705 shares during the period. Russell Investments Group Ltd.’s holdings in Life360 were worth $395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LIF. Barclays PLC grew its holdings in Life360 by 280.6% during the 4th quarter. Barclays PLC now owns 30,952 shares of the company’s stock valued at $1,278,000 after buying an additional 22,820 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Life360 by 79.9% during the fourth quarter. MetLife Investment Management LLC now owns 6,373 shares of the company’s stock worth $263,000 after purchasing an additional 2,830 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Life360 by 227.6% during the fourth quarter. Northern Trust Corp now owns 112,370 shares of the company’s stock worth $4,638,000 after purchasing an additional 78,070 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Life360 by 33.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 12,100 shares of the company’s stock worth $499,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Life360 by 12.3% during the fourth quarter. Ameriprise Financial Inc. now owns 90,198 shares of the company’s stock worth $3,708,000 after purchasing an additional 9,878 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LIF shares. JMP Securities boosted their price objective on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 12th. Stifel Nicolaus boosted their price objective on Life360 from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Citigroup started coverage on Life360 in a report on Thursday, July 31st. They set a “buy” rating and a $90.00 price objective for the company. Canaccord Genuity Group boosted their price objective on Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Finally, Evercore ISI boosted their price objective on shares of Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $86.43.

Insider Transactions at Life360

In other news, Director Mark Goines sold 20,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $86.87, for a total value of $1,737,400.00. Following the sale, the director directly owned 71,809 shares of the company’s stock, valued at $6,238,047.83. This represents a 21.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lauren Antonoff sold 4,546 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $90.00, for a total transaction of $409,140.00. Following the completion of the transaction, the chief executive officer owned 303,232 shares in the company, valued at approximately $27,290,880. The trade was a 1.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,281 shares of company stock worth $15,853,006.

Life360 Trading Down 1.0%

Shares of LIF opened at $90.44 on Monday. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 282.63 and a beta of 3.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.01 and a current ratio of 7.14. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $92.51. The firm has a 50 day moving average price of $74.94 and a 200-day moving average price of $56.92.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The company had revenue of $115.38 million during the quarter, compared to analyst estimates of $109.33 million. Life360 has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.

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.