FNY Investment Advisers LLC Invests $228,000 in Life360, Inc. $LIF

FNY Investment Advisers LLC bought a new position in shares of Life360, Inc. (NASDAQ:LIF) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,500 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors also recently modified their holdings of LIF. GAMMA Investing LLC grew its position in shares of Life360 by 2,938.9% during 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 period. Wilson Asset Management International PTY Ltd. grew its position in shares of Life360 by 108.8% in the 1st quarter. Wilson Asset Management International PTY Ltd. now owns 62,932 shares of the company’s stock valued at $2,416,000 after purchasing an additional 32,795 shares during the period. Teacher Retirement System of Texas grew its position in shares of Life360 by 81.8% in the 1st quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company’s stock valued at $513,000 after purchasing an additional 6,014 shares during the period. Bank of New York Mellon Corp grew its position in shares of Life360 by 320.0% in the 1st quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company’s stock valued at $21,087,000 after purchasing an additional 418,493 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its position in shares of Life360 by 39.5% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 146,893 shares of the company’s stock valued at $5,639,000 after purchasing an additional 41,596 shares during the period. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LIF. Canaccord Genuity Group upped their price target on Life360 from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Zacks Research raised Life360 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Citigroup initiated coverage on Life360 in a research note on Thursday, July 31st. They issued a “buy” rating and a $90.00 price target on the stock. JMP Securities increased their price target on Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded Life360 from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Life360 presently has an average rating of “Buy” and an average target price of $91.43.

Insider Activity at Life360

In other news, Director Mark Goines sold 20,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $86.87, for a total transaction of $1,737,400.00. Following the sale, the director directly owned 71,809 shares of the company’s stock, valued at approximately $6,238,047.83. This represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles J. Prober sold 7,930 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $103.20, for a total value of $818,376.00. Following the sale, the director directly owned 105,456 shares in the company, valued at approximately $10,883,059.20. This trade represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 153,683 shares of company stock worth $13,619,753 in the last quarter. 8.00% of the stock is currently owned by corporate insiders.

Life360 Stock Down 0.1%

LIF stock opened at $89.51 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 279.73 and a beta of 3.51. The business’s fifty day moving average price is $96.70 and its two-hundred day moving average price is $71.88. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $112.54.

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

Life360 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.