Catalyst Funds Management Pty Ltd Buys 44,935 Shares of Life360, Inc. $LIF

Catalyst Funds Management Pty Ltd raised its position in shares of Life360, Inc. (NASDAQ:LIF) by 269.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 61,588 shares of the company’s stock after purchasing an additional 44,935 shares during the quarter. Life360 makes up approximately 1.1% of Catalyst Funds Management Pty Ltd’s investment portfolio, making the stock its 12th largest holding. Catalyst Funds Management Pty Ltd owned approximately 0.08% of Life360 worth $4,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Common Retirement Fund increased its position in shares of Life360 by 433.3% during the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock worth $123,000 after buying an additional 2,600 shares during the period. Victory Capital Management Inc. boosted its position in Life360 by 2,245.1% during the first quarter. Victory Capital Management Inc. now owns 189,645 shares of the company’s stock valued at $7,280,000 after acquiring an additional 181,558 shares during the last quarter. Federated Hermes Inc. grew its holdings in Life360 by 75.6% during the 1st quarter. Federated Hermes Inc. now owns 48,773 shares of the company’s stock worth $1,872,000 after acquiring an additional 21,004 shares during the period. Vanguard Group Inc. grew its holdings in Life360 by 3,865.6% during the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock worth $218,194,000 after acquiring an additional 5,540,302 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Life360 by 24.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 52,450 shares of the company’s stock worth $2,014,000 after acquiring an additional 10,264 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LIF shares. Canaccord Genuity Group upped their target price on Life360 from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of Life360 in a report on Wednesday, October 8th. Stifel Nicolaus downgraded shares of Life360 from a “buy” rating to a “hold” rating and set a $92.00 price objective for the company. in a research report on Friday, October 24th. Citigroup reiterated a “market outperform” rating on shares of Life360 in a research note on Tuesday, November 11th. Finally, JMP Securities increased their target price on shares of Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Life360 Trading Up 0.7%

Shares of Life360 stock opened at $68.50 on Thursday. The stock has a market capitalization of $5.37 billion, a PE ratio of 201.47 and a beta of 3.41. Life360, Inc. has a 52 week low of $29.62 and a 52 week high of $112.54. The stock has a 50 day moving average price of $95.53 and a two-hundred day moving average price of $79.27. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Life360 had a return on equity of 7.95% and a net margin of 6.46%.The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Life360 has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $76.93, for a total transaction of $610,054.90. Following the completion of the sale, the director directly owned 105,456 shares of the company’s stock, valued at $8,112,730.08. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lauren Antonoff sold 17,764 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $90.90, for a total transaction of $1,614,747.60. Following the completion of the sale, the chief executive officer owned 338,465 shares in the company, valued at $30,766,468.50. This represents a 4.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 97,729 shares of company stock valued at $8,926,157. 8.00% of the stock is currently owned by insiders.

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.