Penserra Capital Management LLC Grows Stake in Life360, Inc. $LIF

Penserra Capital Management LLC grew its stake in shares of Life360, Inc. (NASDAQ:LIF) by 143.7% during the third quarter, Holdings Channel reports. The firm owned 20,879 shares of the company’s stock after purchasing an additional 12,311 shares during the period. Penserra Capital Management LLC’s holdings in Life360 were worth $2,219,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LIF. CWM LLC grew its position in shares of Life360 by 71.4% in the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock valued at $41,000 after buying an additional 160 shares during the last quarter. California State Teachers Retirement System lifted its position in Life360 by 0.4% in the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after acquiring an additional 254 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Life360 by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after acquiring an additional 343 shares in the last quarter. State of Wyoming grew its holdings in shares of Life360 by 25.6% during the third quarter. State of Wyoming now owns 1,847 shares of the company’s stock worth $196,000 after purchasing an additional 376 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Trading Up 3.0%

Shares of LIF stock opened at $54.41 on Friday. The business’s 50 day moving average is $64.08 and its two-hundred day moving average is $80.72. Life360, Inc. has a twelve month low of $29.62 and a twelve month high of $112.54. The company has a market capitalization of $4.27 billion, a P/E ratio of 160.03 and a beta of 3.79. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.03 by $0.08. Life360 had a return on equity of 7.95% and a net margin of 6.46%.The business had revenue of $124.50 million during the quarter, compared to analysts’ expectations of $119.26 million. Equities analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on LIF shares. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 target price on shares of Life360 in a research report on Tuesday, December 16th. Wall Street Zen upgraded Life360 from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. DA Davidson began coverage on shares of Life360 in a research report on Thursday, December 11th. They set a “buy” rating and a $94.00 target price on the stock. Citigroup reaffirmed a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Finally, UBS Group decreased their price target on shares of Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Life360 has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Insider Activity at Life360

In other news, Director Alex Haro sold 100,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 861,315 shares in the company, valued at approximately $65,847,531.75. This trade represents a 10.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chris Hulls sold 311,749 shares of Life360 stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $77.10, for a total transaction of $24,035,847.90. Following the completion of the sale, the director directly owned 469,749 shares in the company, valued at approximately $36,217,647.90. The trade was a 39.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 605,351 shares of company stock worth $46,442,822 in the last 90 days. Corporate insiders own 8.00% of the company’s stock.

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.