Life360, Inc. $LIF Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its position in Life360, Inc. (NASDAQ:LIF) by 36.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,546 shares of the company’s stock after purchasing an additional 16,972 shares during the quarter. Hodges Capital Management Inc. owned about 0.08% of Life360 worth $4,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LIF. 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 valued at $237,000 after purchasing an additional 378 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Life360 by 12.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,748 shares of the company’s stock valued at $5,327,000 after purchasing an additional 15,420 shares during the last quarter. Strs Ohio acquired a new position in Life360 in the 1st quarter valued at $157,000. New York State Common Retirement Fund raised its stake in Life360 by 59.4% in the 2nd quarter. New York State Common Retirement Fund now owns 5,100 shares of the company’s stock valued at $333,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Life360 by 1,065.1% in the 2nd quarter. Invesco Ltd. now owns 163,970 shares of the company’s stock valued at $10,699,000 after purchasing an additional 149,896 shares during the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Stock Down 4.6%

Shares of LIF opened at $44.85 on Thursday. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The company has a market capitalization of $3.63 billion, a PE ratio of 25.92 and a beta of 2.62. The stock has a fifty day simple moving average of $42.89 and a two-hundred day simple moving average of $52.64. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.

Analysts Set New Price Targets

LIF has been the subject of several recent research reports. Canaccord Genuity Group set a $72.00 price objective on Life360 in a research note on Tuesday, May 12th. Wall Street Zen downgraded Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Macquarie Infrastructure initiated coverage on Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price for the company. Evercore set a $68.00 target price on Life360 in a research note on Tuesday, May 12th. Finally, Bank of America initiated coverage on Life360 in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Life360 currently has a consensus rating of “Moderate Buy” and an average target price of $63.94.

Insider Buying and Selling

In other Life360 news, Director John Philip Coghlan sold 4,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $43.99, for a total value of $175,960.00. Following the completion of the sale, the director directly owned 28,431 shares of the company’s stock, valued at $1,250,679.69. This trade represents a 12.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lauren Antonoff sold 2,716 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $45.23, for a total value of $122,844.68. Following the completion of the sale, the chief executive officer directly owned 309,781 shares of the company’s stock, valued at $14,011,394.63. This trade represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 70,263 shares of company stock valued at $2,926,637 over the last 90 days. Insiders own 6.80% of the company’s stock.

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.