New York State Teachers Retirement System Buys Shares of 31,000 Life360, Inc. $LIF

New York State Teachers Retirement System purchased a new position in Life360, Inc. (NASDAQ:LIF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 31,000 shares of the company’s stock, valued at approximately $1,265,000.

Other large investors have also made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in shares of Life360 by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after purchasing an additional 254 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in Life360 by 8.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 3,617 shares of the company’s stock worth $232,000 after buying an additional 273 shares during the last quarter. Russell Investments Group Ltd. increased its position in Life360 by 21.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,673 shares of the company’s stock valued at $107,000 after buying an additional 292 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Life360 during the 3rd quarter valued at about $32,000. Finally, The Manufacturers Life Insurance Company raised its stake in Life360 by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after buying an additional 343 shares during the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on LIF. Wall Street Zen downgraded Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Citigroup lifted their target price on shares of Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research note on Monday, July 6th. Finally, UBS Group cut their price target on shares of Life360 from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.98.

Life360 Price Performance

Shares of LIF stock opened at $54.57 on Monday. The stock’s 50-day simple moving average is $46.74 and its 200-day simple moving average is $49.53. 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 firm has a market capitalization of $4.42 billion, a PE ratio of 31.54 and a beta of 2.34. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54.

Insider Buying and Selling

In other Life360 news, Director Chris Hulls sold 16,379 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $40.34, for a total transaction of $660,728.86. Following the completion of the transaction, the director directly owned 403,485 shares of the company’s stock, valued at approximately $16,276,584.90. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brit Morin sold 4,655 shares of Life360 stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $55.00, for a total transaction of $256,025.00. Following the sale, the director owned 25,975 shares of the company’s stock, valued at approximately $1,428,625. The trade was a 15.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 75,827 shares of company stock worth $3,469,849 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.

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.