Jefferies Financial Group Inc. Buys New Stake in Life360, Inc. $LIF

Jefferies Financial Group Inc. bought a new stake in shares of Life360, Inc. (NASDAQ:LIF) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,220 shares of the company’s stock, valued at approximately $676,000.

Several other hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 buying an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Life360 by 12.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock valued at $5,327,000 after acquiring an additional 15,420 shares in the last quarter. Strs Ohio purchased a new stake in shares of Life360 in the first quarter valued at $157,000. New York State Common Retirement Fund boosted its stake in shares of Life360 by 59.4% during the second quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock valued at $333,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Life360 by 1,065.1% during the second quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock valued at $10,699,000 after acquiring an additional 149,896 shares during the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Stock Performance

Life360 stock opened at $42.86 on Tuesday. The stock has a fifty day moving average price of $52.52 and a 200 day moving average price of $47.17. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The firm has a market capitalization of $3.49 billion, a P/E ratio of 25.06 and a beta of 2.35. The company has a current ratio of 5.60, a quick ratio of 5.46 and a debt-to-equity ratio of 0.51.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. Life360 had a return on equity of 5.66% and a net margin of 25.73%. Equities research analysts anticipate that Life360, Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on LIF. Bank of America boosted their target price on shares of Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Weiss Ratings raised shares of Life360 from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Canaccord Genuity Group set a $72.00 price target on shares of Life360 in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Citigroup cut their price objective on shares of Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.72.

Insider Buying and Selling at Life360

In other news, Director Chris Hulls sold 250,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the transaction, the director directly owned 382,056 shares in the company, valued at $17,895,503.04. This represents a 39.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Synge sold 27,466 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the completion of the sale, the director directly owned 191,694 shares in the company, valued at $8,493,961.14. This represents a 12.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 365,557 shares of company stock worth $17,747,371. 6.80% of the stock is currently owned by insiders.

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.