Teachers Retirement System of The State of Kentucky Acquires Shares of 19,000 Life360, Inc. $LIF

Teachers Retirement System of The State of Kentucky bought a new position in shares of Life360, Inc. (NASDAQ:LIF) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 19,000 shares of the company’s stock, valued at approximately $776,000.

Several other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Life360 by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock valued at $237,000 after acquiring an additional 378 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in 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 worth $5,327,000 after purchasing an additional 15,420 shares during the period. Strs Ohio acquired a new position in Life360 in the first quarter worth $157,000. New York State Common Retirement Fund increased its stake in 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 purchasing an additional 1,900 shares during the last quarter. Finally, Invesco Ltd. increased its stake in 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 purchasing an additional 149,896 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Life360 Price Performance

Shares of NASDAQ LIF opened at $55.17 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. The firm has a market capitalization of $4.47 billion, a PE ratio of 31.89 and a beta of 2.34. Life360, Inc. has a 1-year low of $37.01 and a 1-year high of $112.54. The business’s fifty day moving average price is $47.56 and its two-hundred day moving average price is $49.17.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research report on Monday, July 6th. Weiss Ratings downgraded shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. DA Davidson raised their target price on shares of Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Finally, UBS Group decreased their target price on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.65.

Insider Activity

In other news, Director Brit Morin sold 4,655 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $55.00, for a total transaction of $256,025.00. Following the completion of the transaction, the director owned 25,975 shares in the company, valued at approximately $1,428,625. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $46.07, for a total transaction of $365,335.10. Following the completion of the sale, the director owned 109,911 shares in the company, valued at approximately $5,063,599.77. This represents a 6.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,006 shares of company stock worth $2,614,066 over the last ninety days. Insiders own 6.80% of the company’s stock.

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.