SG Americas Securities LLC Boosts Stock Position in Life360, Inc. $LIF

SG Americas Securities LLC grew its position in Life360, Inc. (NASDAQ:LIF) by 192.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,108 shares of the company’s stock after purchasing an additional 17,845 shares during the period. SG Americas Securities LLC’s holdings in Life360 were worth $1,107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strive Financial Group LLC purchased a new stake in Life360 in the fourth quarter valued at approximately $26,000. MCF Advisors LLC purchased a new position in Life360 during the 4th quarter worth approximately $32,000. NewEdge Advisors LLC purchased a new position in Life360 during the 3rd quarter worth approximately $32,000. IFP Advisors Inc acquired a new stake in Life360 during the 3rd quarter valued at approximately $47,000. Finally, Advisors Asset Management Inc. lifted its stake in Life360 by 136.6% during the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock valued at $58,000 after acquiring an additional 519 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Evercore set a $68.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. Macquarie Infrastructure began coverage on shares of Life360 in a research report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price for the company. Weiss Ratings lowered shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. DA Davidson lifted their price objective on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Finally, Citigroup reissued a “buy” rating on shares of Life360 in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.17.

Insider Activity

In other Life360 news, Director John Philip Coghlan sold 4,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $43.99, for a total value of $175,960.00. Following the completion of the transaction, the director owned 28,431 shares in the company, valued at approximately $1,250,679.69. This represents a 12.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles J. Prober sold 7,930 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $46.07, for a total transaction of $365,335.10. Following the sale, the director directly owned 109,911 shares in the company, valued at approximately $5,063,599.77. The trade was a 6.73% 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 sold a total of 79,757 shares of company stock valued at $3,541,120 in the last three months. Corporate insiders own 6.80% of the company’s stock.

Life360 Price Performance

Shares of NASDAQ LIF opened at $57.71 on Friday. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 33.36 and a beta of 2.34. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. The firm’s 50 day simple moving average is $45.63 and its 200-day simple moving average is $49.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23.

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.