Osaic Holdings Inc. Has $2.92 Million Stock Holdings in Life360, Inc. $LIF

Osaic Holdings Inc. lifted its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 8,595.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,784 shares of the company’s stock after purchasing an additional 44,269 shares during the period. Osaic Holdings Inc. owned 0.06% of Life360 worth $2,922,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC bought a new stake in shares of Life360 in the 2nd quarter valued at $344,000. Invesco Ltd. acquired a new stake in Life360 in the first quarter worth $540,000. Wilson Asset Management International PTY Ltd. increased its stake in Life360 by 11.2% in the second quarter. Wilson Asset Management International PTY Ltd. now owns 69,975 shares of the company’s stock valued at $4,566,000 after purchasing an additional 7,043 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Life360 by 133.4% during the first quarter. Deutsche Bank AG now owns 9,650 shares of the company’s stock valued at $370,000 after purchasing an additional 5,516 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Life360 by 24.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 52,450 shares of the company’s stock worth $2,014,000 after purchasing an additional 10,264 shares in the last quarter. 20.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on LIF shares. Wall Street Zen lowered Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Citigroup restated a “market outperform” rating on shares of Life360 in a report on Tuesday, November 11th. Canaccord Genuity Group reiterated a “buy” rating and issued a $115.00 target price on shares of Life360 in a report on Tuesday, December 16th. Zacks Research downgraded shares of Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, DA Davidson started coverage on shares of Life360 in a report on Thursday, December 11th. They set a “buy” rating and a $94.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.63.

Insiders Place Their Bets

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $68.30, for a total value of $541,619.00. Following the completion of the sale, the director owned 105,456 shares in the company, valued at approximately $7,202,644.80. This trade represents a 6.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $241,312.50. Following 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 613,022 shares of company stock worth $47,501,677 in the last ninety days. 8.00% of the stock is owned by corporate insiders.

Life360 Trading Down 0.3%

Shares of Life360 stock opened at $66.37 on Friday. The company has a market capitalization of $5.20 billion, a P/E ratio of 195.21 and a beta of 3.60. The stock has a fifty day simple moving average of $78.50 and a 200 day simple moving average of $81.56. Life360, Inc. has a 12-month low of $29.62 and a 12-month 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.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The firm had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. 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 (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.