Emerald Advisers LLC Sells 110,700 Shares of Life360, Inc. $LIF

Emerald Advisers LLC lessened its stake in Life360, Inc. (NASDAQ:LIF) by 39.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,529 shares of the company’s stock after selling 110,700 shares during the quarter. Emerald Advisers LLC owned about 0.22% of Life360 worth $18,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. CWM LLC grew its stake in shares of Life360 by 71.4% during the third quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 160 shares during the last quarter. Keystone Financial Group Inc. acquired a new position in Life360 during the 2nd quarter worth $62,000. State of Wyoming bought a new position in Life360 in the 2nd quarter valued at $96,000. Ameritas Investment Partners Inc. increased its stake in shares of Life360 by 53.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company’s stock valued at $107,000 after buying an additional 570 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Life360 in the 2nd quarter valued at $137,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Performance

Shares of LIF stock opened at $53.07 on Thursday. The stock has a market cap of $4.16 billion, a PE ratio of 156.09 and a beta of 3.79. The stock has a 50-day moving average of $67.63 and a 200-day moving average of $81.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62. Life360, Inc. has a one year low of $29.62 and a one year high of $112.54.

Life360 (NASDAQ:LIF) last released its quarterly earnings data on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. The business had revenue of $124.50 million for 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%. As a group, sell-side analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Activity at Life360

In other Life360 news, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $68.30, for a total transaction of $541,619.00. Following the transaction, the director directly owned 105,456 shares in the company, valued at approximately $7,202,644.80. 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 accessible through this link. Also, CEO Lauren Antonoff sold 19,442 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.24, for a total value of $1,482,258.08. Following the completion of the transaction, the chief executive officer directly owned 305,385 shares of the company’s stock, valued at approximately $23,282,552.40. The trade was a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 613,022 shares of company stock valued at $47,174,802. 8.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $115.00 price target on shares of Life360 in a report on Tuesday, December 16th. Citizens Jmp downgraded shares of Life360 from a “market outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Zacks Research lowered shares of Life360 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a research report on Monday, December 29th. Finally, UBS Group cut their price objective on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.31.

About Life360

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.