Life360, Inc. $LIF Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust decreased its stake in Life360, Inc. (NASDAQ:LIF) by 29.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,971 shares of the company’s stock after selling 42,922 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.13% of Life360 worth $11,052,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LIF. Norges Bank acquired a new position in Life360 during the 2nd quarter worth approximately $60,369,000. Federated Hermes Inc. raised its stake in shares of Life360 by 661.6% during the second quarter. Federated Hermes Inc. now owns 371,461 shares of the company’s stock valued at $24,238,000 after purchasing an additional 322,688 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Life360 by 19,023.3% during the second quarter. BNP Paribas Financial Markets now owns 232,348 shares of the company’s stock worth $15,161,000 after purchasing an additional 231,133 shares in the last quarter. G2 Investment Partners Management LLC lifted its position in shares of Life360 by 182.9% during the second quarter. G2 Investment Partners Management LLC now owns 241,129 shares of the company’s stock worth $15,734,000 after purchasing an additional 155,892 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Life360 by 1,065.1% in the second quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock valued at $10,699,000 after purchasing an additional 149,896 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Stock Up 3.3%

Life360 stock opened at $54.81 on Friday. 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 one year low of $29.62 and a one year high of $112.54. The company has a 50-day simple moving average of $67.26 and a 200-day simple moving average of $81.38. The firm has a market capitalization of $4.30 billion, a P/E ratio of 161.21 and a beta of 3.79.

Life360 (NASDAQ:LIF) last posted 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 during the quarter, compared to the consensus estimate of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. As a group, equities analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling at Life360

In related news, Director John Philip Coghlan sold 3,125 shares of the stock in a transaction dated 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 sale, the director directly owned 12,110 shares of the company’s stock, valued at approximately $935,134.20. This represents a 20.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $61.98, for a total transaction of $491,501.40. Following the sale, the director owned 105,456 shares of the company’s stock, valued at approximately $6,536,162.88. This represents a 6.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 608,476 shares of company stock valued at $46,751,979 over the last 90 days. 8.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Life360 from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. DA Davidson assumed coverage on Life360 in a research note on Thursday, December 11th. They set a “buy” rating and a $94.00 target price for the company. Citigroup cut their price target on Life360 from $96.80 to $79.50 and set a “buy” rating on the stock in a research note on Friday, January 9th. Citizens Jmp downgraded Life360 from a “market outperform” rating to a “market perform” rating in a report on Monday, January 5th. Finally, Stifel Nicolaus set a $92.00 target price on Life360 in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Life360 presently has a consensus rating of “Moderate Buy” and an average price target of $92.31.

Life360 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.