31,000 Shares in Life360, Inc. $LIF Purchased by New York State Teachers Retirement System

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

Other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in Life360 by 0.4% in the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after acquiring an additional 254 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of 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 purchasing an additional 273 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of 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 purchasing an additional 292 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Life360 during the 3rd quarter valued at approximately $32,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Life360 by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after purchasing an additional 343 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Life360 Stock Performance

NASDAQ:LIF opened at $54.57 on Monday. 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 stock 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. The company has a fifty day moving average of $46.74 and a two-hundred day moving average of $49.53.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LIF. Citigroup increased their price target on shares of Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a report on Monday, July 6th. Macquarie Infrastructure assumed coverage on shares of Life360 in a report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 price objective for the company. Evercore set a $68.00 price objective on shares of Life360 in a research report on Tuesday, May 12th. UBS Group lowered their target price 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. Finally, DA Davidson raised their target price on Life360 from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. One 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. Based on data from MarketBeat, Life360 currently has a consensus rating of “Moderate Buy” and an average target price of $63.98.

Insider Buying and Selling at Life360

In related news, Director Chris Hulls sold 16,042 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $47.07, for a total transaction of $755,096.94. Following the completion of the transaction, the director owned 406,899 shares in the company, valued at $19,152,735.93. This represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lauren Antonoff sold 2,716 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $45.23, for a total transaction of $122,844.68. Following the completion of the transaction, the chief executive officer directly owned 309,781 shares in the company, valued at $14,011,394.63. This represents a 0.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 75,827 shares of company stock valued at $3,469,849. Corporate 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.