Truist Financial Corp Makes New $1.07 Million Investment in Life360, Inc. $LIF

Truist Financial Corp acquired a new position in Life360, Inc. (NASDAQ:LIF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 16,351 shares of the company’s stock, valued at approximately $1,067,000.

Several other hedge funds and other institutional investors have also bought and sold shares of LIF. Caitong International Asset Management Co. Ltd raised its stake in Life360 by 937.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after purchasing an additional 1,978 shares in the last quarter. GAMMA Investing LLC raised its stake in Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after purchasing an additional 2,116 shares in the last quarter. New York State Common Retirement Fund raised its stake in Life360 by 433.3% in the 1st quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock worth $123,000 after purchasing an additional 2,600 shares in the last quarter. Strs Ohio acquired a new stake in Life360 in the 1st quarter worth about $157,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Life360 by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Insider Activity at Life360

In related news, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $100.24, for a total transaction of $794,903.20. Following the sale, the director directly owned 105,456 shares of the company’s stock, valued at approximately $10,570,909.44. The trade was a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell John Burke sold 16,287 shares of Life360 stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the sale, the chief financial officer directly owned 63,030 shares in the company, valued at $5,699,172.60. This trade represents a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 153,403 shares of company stock worth $13,380,964 in the last ninety days.

Life360 Trading Down 3.0%

Shares of Life360 stock opened at $104.30 on Monday. The firm has a market capitalization of $8.09 billion, a PE ratio of 325.95 and a beta of 3.51. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average is $94.26 and its 200 day moving average is $69.22. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $112.54.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. The company had revenue of $115.38 million for the quarter, compared to analyst estimates of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Life360 has set its FY 2025 guidance at EPS. Equities research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

LIF has been the topic of several recent analyst reports. Canaccord Genuity Group raised their target price on shares of Life360 from $86.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. JMP Securities raised their target price on shares of Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a report on Tuesday, August 12th. Stifel Nicolaus raised their target price on shares of Life360 from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. UBS Group raised their target price on shares of Life360 from $85.00 to $120.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Evercore ISI raised their target price on shares of Life360 from $55.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $91.43.

Life360 Company Profile

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.