Milford Funds Ltd. Takes $9.60 Million Position in Life360, Inc. $LIF

Milford Funds Ltd. acquired a new stake in Life360, Inc. (NASDAQ:LIF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 149,737 shares of the company’s stock, valued at approximately $9,604,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Life360 by 5.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,183 shares of the company’s stock valued at $8,158,000 after purchasing an additional 6,844 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Life360 by 7.3% in the fourth quarter. Wells Fargo & Company MN now owns 92,223 shares of the company’s stock valued at $5,915,000 after purchasing an additional 6,278 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Life360 in the fourth quarter valued at about $14,732,000. Advisors Asset Management Inc. increased its holdings in Life360 by 136.6% in the fourth quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after purchasing an additional 519 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec bought a new stake in Life360 in the fourth quarter valued at about $387,000. Institutional investors own 20.00% of the company’s stock.

Life360 Price Performance

Shares of LIF opened at $45.25 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37. The stock has a 50 day simple moving average of $43.06 and a 200 day simple moving average of $52.40. 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 $3.67 billion, a PE ratio of 26.16 and a beta of 2.62.

Insiders Place Their Bets

In related news, Director John Philip Coghlan sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $43.99, for a total value of $175,960.00. Following the completion of the transaction, the director directly owned 28,431 shares in the company, valued at approximately $1,250,679.69. The trade was a 12.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $37.27, for a total value of $295,551.10. Following the completion of the transaction, the director owned 105,456 shares of the company’s stock, valued at $3,930,345.12. This represents a 6.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,263 shares of company stock valued at $2,926,637 over the last 90 days. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LIF shares. Evercore set a $68.00 price objective on Life360 in a report on Tuesday, May 12th. UBS Group dropped their price objective on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of Life360 in a report on Monday. Finally, Bank of America started coverage on Life360 in a report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.94.

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.