SG Americas Securities LLC Has $1.01 Million Stock Holdings in Life360, Inc. $LIF

SG Americas Securities LLC trimmed its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 64.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,469 shares of the company’s stock after selling 17,382 shares during the period. SG Americas Securities LLC’s holdings in Life360 were worth $1,007,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Life360 by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after purchasing an additional 378 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Life360 by 12.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock worth $5,327,000 after buying an additional 15,420 shares during the period. Strs Ohio bought a new position in shares of Life360 during the 1st quarter worth approximately $157,000. Rhumbline Advisers boosted its stake in Life360 by 28.2% in the 1st quarter. Rhumbline Advisers now owns 16,217 shares of the company’s stock valued at $623,000 after buying an additional 3,566 shares in the last quarter. Finally, Cherrydale Wealth Management LLC bought a new stake in Life360 in the second quarter valued at $268,000. Institutional investors own 20.00% of the company’s stock.

Life360 Price Performance

Shares of LIF stock opened at $56.84 on Monday. The firm’s 50 day moving average price is $69.21 and its two-hundred day moving average price is $81.91. 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, Inc. has a 52-week low of $29.62 and a 52-week high of $112.54. The stock has a market cap of $4.46 billion, a PE ratio of 167.18 and a beta of 3.79.

Life360 (NASDAQ:LIF) last issued its earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.03 by $0.08. Life360 had a net margin of 6.46% and a return on equity of 7.95%. The company had revenue of $124.50 million during the quarter, compared to analysts’ expectations of $119.26 million. As a group, analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Insider Transactions at Life360

In related news, Director Mark Goines sold 15,000 shares of Life360 stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $74.19, for a total transaction of $1,112,850.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chris Hulls sold 311,749 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $77.10, for a total transaction of $24,035,847.90. Following the transaction, the director owned 469,749 shares of the company’s stock, valued at approximately $36,217,647.90. This represents a 39.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 613,022 shares of company stock valued at $47,174,802. Corporate insiders own 8.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LIF shares. Citigroup cut their price objective on Life360 from $96.80 to $79.50 and set a “buy” rating for the company in a report on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. Zacks Research cut shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Stifel Nicolaus set a $92.00 target price on Life360 in a report on Tuesday, December 9th. Finally, UBS Group cut their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.31.

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.