Life360, Inc. $LIF Stock Position Lifted by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in Life360, Inc. (NASDAQ:LIF) by 661.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 371,461 shares of the company’s stock after buying an additional 322,688 shares during the quarter. Federated Hermes Inc. owned approximately 0.48% of Life360 worth $24,238,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Keystone Financial Group Inc. acquired a new position in shares of Life360 in the second quarter worth $62,000. Caitong International Asset Management Co. Ltd boosted its position in Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock valued at $84,000 after purchasing an additional 1,978 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in Life360 by 53.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company’s stock valued at $107,000 after purchasing an additional 570 shares in the last quarter. Strs Ohio acquired a new position in Life360 in the 1st quarter worth about $157,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Life360 during the 2nd quarter worth about $228,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Stock Performance

NASDAQ:LIF opened at $72.89 on Wednesday. The firm has a market capitalization of $5.71 billion, a PE ratio of 214.38 and a beta of 3.60. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $112.54. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $88.16 and its 200 day simple moving average is $81.57.

Life360 (NASDAQ:LIF) last released 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. The firm had revenue of $124.50 million during the quarter, compared to analyst estimates of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. On average, sell-side analysts anticipate that Life360, Inc. will post -0.17 EPS for the current year.

Insider Activity

In other Life360 news, Director Mark Goines sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $74.19, for a total value of $1,112,850.00. Following the sale, the director owned 56,809 shares of the company’s stock, valued at $4,214,659.71. This trade represents a 20.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $77.22, for a total value of $241,312.50. Following the completion of the transaction, the director directly owned 12,110 shares in the company, valued at approximately $935,134.20. This represents a 20.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 609,869 shares of company stock worth $47,724,043 over the last 90 days.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup reissued a “market outperform” rating on shares of Life360 in a research note on Tuesday, November 11th. UBS Group decreased their target price on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Zacks Research lowered shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. JMP Securities lifted their price objective on shares of Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Life360 from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

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.