Louisiana State Employees Retirement System Takes $1.42 Million Position in Life360, Inc. $LIF

Louisiana State Employees Retirement System purchased a new position in Life360, Inc. (NASDAQ:LIF) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 34,800 shares of the company’s stock, valued at approximately $1,421,000.

A number of other hedge funds also recently bought and sold shares of LIF. Strive Financial Group LLC purchased a new stake in Life360 during the 4th quarter valued at about $26,000. MCF Advisors LLC purchased a new position in Life360 in the fourth quarter worth about $32,000. NewEdge Advisors LLC purchased a new position in Life360 in the third quarter worth about $32,000. IFP Advisors Inc bought a new position in shares of Life360 in the third quarter worth approximately $47,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Life360 by 136.6% during the fourth quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after buying an additional 519 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Stock Performance

Shares of LIF stock opened at $57.71 on Friday. The company has a 50 day moving average price of $45.43 and a 200-day moving average price of $49.87. 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 $4.68 billion, a PE ratio of 33.36 and a beta of 2.34. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.

Insider Activity at Life360

In related news, CEO Lauren Antonoff sold 2,716 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $45.23, for a total value of $122,844.68. Following the sale, the chief executive officer owned 309,781 shares in the company, valued at approximately $14,011,394.63. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Philip Coghlan sold 4,000 shares of Life360 stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $43.99, for a total transaction of $175,960.00. Following the completion of the sale, the director directly owned 28,431 shares of the company’s stock, valued at approximately $1,250,679.69. This trade represents a 12.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,757 shares of company stock valued at $3,541,120 over the last quarter. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LIF shares. Citigroup reissued a “buy” rating on shares of Life360 in a research report on Monday, June 8th. Macquarie Infrastructure started coverage on Life360 in a research note on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price on the stock. Bank of America assumed coverage on Life360 in a report on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 target price for the company. DA Davidson boosted their price target on Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings downgraded Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Life360 has an average rating of “Moderate Buy” and a consensus price target of $64.17.

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.