Invesco Ltd. Purchases New Shares in Life360, Inc. $LIF

Invesco Ltd. purchased a new stake in Life360, Inc. (NASDAQ:LIF) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,074 shares of the company’s stock, valued at approximately $540,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LIF. Northern Trust Corp boosted its position in shares of Life360 by 227.6% in the 4th quarter. Northern Trust Corp now owns 112,370 shares of the company’s stock valued at $4,638,000 after purchasing an additional 78,070 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in shares of Life360 by 33.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 12,100 shares of the company’s stock valued at $499,000 after purchasing an additional 3,000 shares during the period. Ameriprise Financial Inc. grew its position in Life360 by 12.3% during the 4th 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. BNP Paribas Financial Markets grew its position in Life360 by 2,816.3% during the 4th quarter. BNP Paribas Financial Markets now owns 72,996 shares of the company’s stock worth $3,013,000 after purchasing an additional 70,493 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Life360 by 190.5% during the 4th quarter. Bank of America Corp DE now owns 9,203 shares of the company’s stock worth $380,000 after purchasing an additional 6,035 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Insiders Place Their Bets

In related news, Director John Philip Coghlan sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $88.12, for a total value of $275,375.00. Following the completion of the sale, the director directly owned 9,375 shares in the company, valued at approximately $826,125. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell John Burke sold 16,287 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total value of $1,472,670.54. Following the completion of the sale, the chief financial officer owned 63,030 shares of the company’s stock, valued at approximately $5,699,172.60. This trade represents a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,406 shares of company stock worth $16,128,381 in the last 90 days. 8.00% of the stock is owned by corporate insiders.

Life360 Stock Up 5.6%

Shares of Life360 stock opened at $93.44 on Friday. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 292.01 and a beta of 3.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $93.50. The stock has a 50-day simple moving average of $77.71 and a 200-day simple moving average of $58.25.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The business 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. On average, equities research analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Life360 from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Citigroup began coverage on Life360 in a research report on Thursday, July 31st. They set a “buy” rating and a $90.00 price objective for the company. UBS Group restated a “buy” rating and set a $85.00 price objective (up from $71.00) on shares of Life360 in a research report on Tuesday, August 12th. Canaccord Genuity Group raised their price objective on Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Finally, Loop Capital raised their price objective on Life360 from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $86.43.

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.