Keystone Financial Group Inc. Makes New Investment in Life360, Inc. $LIF

Keystone Financial Group Inc. bought a new position in Life360, Inc. (NASDAQ:LIF) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 947 shares of the company’s stock, valued at approximately $62,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after buying an additional 2,116 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Life360 by 937.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after buying an additional 1,978 shares during the last quarter. New York State Common Retirement Fund raised its position in Life360 by 433.3% in the 1st quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock worth $123,000 after buying an additional 2,600 shares during the last quarter. Strs Ohio purchased a new position in Life360 in the 1st quarter worth about $157,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Life360 by 6.5% in the 1st 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 during the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Insider Activity at Life360

In related news, CEO Lauren Antonoff sold 17,764 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $90.90, for a total transaction of $1,614,747.60. Following the completion of the transaction, the chief executive officer directly owned 338,465 shares in the company, valued at approximately $30,766,468.50. The trade was a 4.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Philip Coghlan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $85.01, for a total value of $850,100.00. Following the transaction, the director owned 67,604 shares of the company’s stock, valued at approximately $5,747,016.04. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,867 shares of company stock worth $14,632,976 in the last quarter. 8.00% of the stock is currently owned by insiders.

Life360 Price Performance

NASDAQ LIF opened at $107.83 on Friday. Life360, Inc. has a 52 week low of $29.62 and a 52 week high of $109.32. The firm has a market capitalization of $8.36 billion, a P/E ratio of 336.98 and a beta of 3.51. The company has a quick ratio of 7.01, a current ratio of 7.14 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $91.12 and a 200-day moving average price of $66.50.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. The firm had revenue of $115.38 million during the quarter, compared to analyst estimates of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Life360 has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Life360, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LIF. JMP Securities boosted their target price on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 12th. UBS Group upped their price target on shares of Life360 from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Life360 in a research report on Saturday, September 27th. Citigroup initiated coverage on shares of Life360 in a research report on Thursday, July 31st. They set a “buy” rating and a $90.00 price target for the company. Finally, Canaccord Genuity Group upped their price target on shares of Life360 from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.43.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.