Federated Hermes Inc. Has $24.24 Million Stock Holdings in Life360, Inc. $LIF

Federated Hermes Inc. boosted its position in shares of Life360, Inc. (NASDAQ:LIF) by 661.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 371,461 shares of the company’s stock after buying an additional 322,688 shares during the quarter. Federated Hermes Inc.’s holdings in Life360 were worth $24,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Keystone Financial Group Inc. acquired a new stake in shares of Life360 during the 2nd quarter worth approximately $62,000. Ameritas Investment Partners Inc. lifted its position in Life360 by 53.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,642 shares of the company’s stock worth $107,000 after purchasing an additional 570 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Life360 by 937.4% during the first 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 in the last quarter. FNY Investment Advisers LLC bought a new stake in Life360 in the 2nd quarter valued at $228,000. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of Life360 by 64.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,654 shares of the company’s stock valued at $238,000 after buying an additional 1,433 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Insider Buying and Selling at Life360

In other Life360 news, Director Mark Goines sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $74.19, for a total value of $1,112,850.00. Following the completion of the transaction, the director directly owned 56,809 shares of the company’s stock, valued at approximately $4,214,659.71. The trade was a 20.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lauren Antonoff sold 19,442 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $76.24, for a total transaction of $1,482,258.08. Following the transaction, the chief executive officer owned 305,385 shares in the company, valued at $23,282,552.40. The trade was a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 609,869 shares of company stock worth $47,724,043 over the last quarter.

Life360 Stock Down 0.9%

NASDAQ LIF opened at $72.89 on Wednesday. The stock’s 50 day simple moving average is $88.16 and its 200 day simple moving average is $81.57. Life360, Inc. has a one year low of $29.62 and a one year high of $112.54. The firm has a market cap of $5.71 billion, a PE ratio of 214.38 and a beta of 3.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 6.80 and a quick ratio of 6.62.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. As a group, sell-side analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Stifel Nicolaus set a $92.00 price objective on shares of Life360 in a report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Life360 in a research report on Monday. Citigroup reaffirmed a “market outperform” rating on shares of Life360 in a report on Tuesday, November 11th. UBS Group lowered their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, Evercore ISI boosted their price target on Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.00.

About Life360

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.