Emerald Advisers LLC Raises Holdings in Life360, Inc. (NASDAQ:LIF)

Emerald Advisers LLC grew its position in Life360, Inc. (NASDAQ:LIF) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 221,679 shares of the company’s stock after buying an additional 12,458 shares during the quarter. Emerald Advisers LLC owned 0.30% of Life360 worth $8,723,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Life360 by 0.4% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,182 shares of the company’s stock worth $6,697,000 after purchasing an additional 736 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Life360 during the 2nd quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Life360 during the 2nd quarter worth $192,000. SG Americas Securities LLC purchased a new stake in shares of Life360 during the 3rd quarter worth $246,000. Finally, XY Capital Ltd purchased a new stake in shares of Life360 during the 2nd quarter worth $205,000.

Analyst Ratings Changes

LIF has been the subject of a number of analyst reports. Loop Capital upped their price objective on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JMP Securities upped their price objective on Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. UBS Group upped their target price on Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Jefferies Financial Group assumed coverage on Life360 in a research report on Friday, August 9th. They set a “buy” rating and a $43.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $41.00.

Life360 Stock Performance

Shares of LIF stock traded up $1.38 during mid-day trading on Friday, reaching $44.25. The stock had a trading volume of 114,014 shares, compared to its average volume of 149,374. The business has a fifty day moving average of $39.81. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $46.12.

Life360 (NASDAQ:LIF) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $84.86 million for the quarter, compared to analyst estimates of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. Sell-side analysts forecast that Life360, Inc. will post -0.37 earnings per share for the current year.

Insider Activity

In other news, Director James Synge sold 33,617 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $37.04, for a total value of $1,245,173.68. Following the transaction, the director now directly owns 291,944 shares of the company’s stock, valued at approximately $10,813,605.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director James Synge sold 33,617 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the sale, the director now directly owns 291,944 shares of the company’s stock, valued at $10,813,605.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the sale, the director now directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,088 shares of company stock valued at $2,672,781.

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.