Federated Hermes Inc. Boosts Position in Life360, Inc. $LIF

Federated Hermes Inc. grew its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 20.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 446,744 shares of the company’s stock after buying an additional 75,283 shares during the quarter. Federated Hermes Inc. owned 0.58% of Life360 worth $47,489,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in Life360 during the 3rd quarter worth $287,000. Teacher Retirement System of Texas lifted its stake in shares of Life360 by 13.0% during the third quarter. Teacher Retirement System of Texas now owns 12,298 shares of the company’s stock worth $1,307,000 after purchasing an additional 1,410 shares in the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Life360 in the third quarter worth about $12,015,000. Benjamin Edwards Inc. acquired a new stake in shares of Life360 in the third quarter valued at about $359,000. Finally, CoreCap Advisors LLC grew its stake in shares of Life360 by 29.4% in the third quarter. CoreCap Advisors LLC now owns 2,200 shares of the company’s stock valued at $234,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Stock Down 5.4%

LIF stock opened at $58.91 on Friday. 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 has a 50 day simple moving average of $66.68 and a 200-day simple moving average of $81.34. The company has a market capitalization of $4.62 billion, a P/E ratio of 173.26 and a beta of 3.79. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $112.54.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The firm had revenue of $124.50 million for 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%. On average, equities research analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Life360

In related 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 value of $541,619.00. Following the completion of the transaction, the director directly owned 105,456 shares in the company, valued at approximately $7,202,644.80. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alex Haro sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $76.45, for a total value of $7,645,000.00. Following the sale, the director owned 861,315 shares in the company, valued at $65,847,531.75. The trade was a 10.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 608,476 shares of company stock valued at $46,751,979. Corporate insiders own 8.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup reissued a “buy” rating on shares of Life360 in a research report on Tuesday. Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. DA Davidson initiated coverage on shares of Life360 in a research note on Thursday, December 11th. They issued a “buy” rating and a $94.00 target price for the company. Stifel Nicolaus dropped their price target on shares of Life360 from $92.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 price objective on shares of Life360 in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

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.