Regal Partners Ltd Takes $855,000 Position in Life360, Inc. $LIF

Regal Partners Ltd bought a new position in shares of Life360, Inc. (NASDAQ:LIF) in the 1st quarter, Holdings Channel.com reports. The fund bought 20,954 shares of the company’s stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC purchased a new position in Life360 in the third quarter worth approximately $32,000. Strive Financial Group LLC purchased a new stake in shares of Life360 in the 4th quarter valued at approximately $26,000. IFP Advisors Inc purchased a new stake in shares of Life360 during the 3rd quarter worth $47,000. MCF Advisors LLC acquired a new stake in Life360 in the fourth quarter valued at $32,000. Finally, Advisory Services Network LLC purchased a new stake in Life360 during the 3rd quarter worth about $80,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Life360 news, Director Charles J. Prober sold 7,930 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $46.07, for a total value of $365,335.10. Following the transaction, the director directly owned 109,911 shares of the company’s stock, valued at approximately $5,063,599.77. The trade was a 6.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Philip Coghlan sold 4,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $56.07, for a total transaction of $224,280.00. Following the completion of the sale, the director owned 24,431 shares of the company’s stock, valued at $1,369,846.17. This trade represents a 14.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 57,006 shares of company stock worth $2,614,066. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LIF has been the subject of several recent analyst reports. Bank of America boosted their target price on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. DA Davidson boosted their price objective on shares of Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Morgan Stanley assumed coverage on shares of Life360 in a research report on Tuesday, July 21st. They issued an “overweight” rating and a $66.24 target price on the stock. Citigroup boosted their price target on shares of Life360 from $60.15 to $66.65 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Wall Street Zen downgraded shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Life360 currently has an average rating of “Moderate Buy” and an average price target of $64.81.

Life360 Stock Performance

NASDAQ LIF opened at $56.68 on Wednesday. The firm has a market cap of $4.59 billion, a P/E ratio of 32.76 and a beta of 2.34. Life360, Inc. has a 52-week low of $37.01 and a 52-week high of $112.54. The business’s 50-day moving average price is $49.57 and its 200 day moving average price is $48.50. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.

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.