Franklin Resources Inc. Lowers Stake in Life360, Inc. $LIF

Franklin Resources Inc. decreased its position in shares of Life360, Inc. (NASDAQ:LIF) by 28.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 408,012 shares of the company’s stock after selling 159,266 shares during the period. Franklin Resources Inc. owned 0.53% of Life360 worth $26,623,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in Life360 by 75.6% in the 1st quarter. Federated Hermes Inc. now owns 48,773 shares of the company’s stock valued at $1,872,000 after acquiring an additional 21,004 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Life360 by 3,865.6% during the first quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock worth $218,194,000 after purchasing an additional 5,540,302 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Life360 by 24.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 52,450 shares of the company’s stock valued at $2,014,000 after purchasing an additional 10,264 shares during the period. Deutsche Bank AG increased its stake in Life360 by 133.4% in the first quarter. Deutsche Bank AG now owns 9,650 shares of the company’s stock valued at $370,000 after purchasing an additional 5,516 shares during the last quarter. Finally, WealthPlan Investment Management LLC lifted its position in Life360 by 5.6% during the first quarter. WealthPlan Investment Management LLC now owns 10,550 shares of the company’s stock worth $405,000 after buying an additional 558 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of research analyst reports. JMP Securities raised their price target on Life360 from $62.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 12th. Stifel Nicolaus cut shares of Life360 from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Life360 in a report on Wednesday. UBS Group cut their price target on shares of Life360 from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, Zacks Research lowered shares of Life360 from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Life360 has an average rating of “Moderate Buy” and a consensus target price of $90.00.

Life360 Stock Down 0.6%

Shares of NASDAQ:LIF opened at $78.46 on Friday. The stock has a 50-day simple moving average of $92.58 and a 200-day simple moving average of $80.34. The stock has a market capitalization of $6.15 billion, a P/E ratio of 230.76 and a beta of 3.41. Life360, Inc. has a 1 year low of $29.62 and a 1 year high of $112.54. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.03 by $0.08. The firm had revenue of $124.50 million for the quarter, compared to analyst estimates of $119.26 million. Life360 had a net margin of 6.46% and a return on equity of 7.95%. Life360 has set its FY 2025 guidance at EPS. Equities analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling at Life360

In related news, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $76.93, for a total transaction of $610,054.90. Following the completion of the sale, the director directly owned 105,456 shares of the company’s stock, valued at approximately $8,112,730.08. This represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chris Hulls sold 311,749 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $77.10, for a total value of $24,035,847.90. Following the completion of the sale, the director owned 469,749 shares of the company’s stock, valued at approximately $36,217,647.90. This represents a 39.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 493,191 shares of company stock worth $39,132,745. 8.00% of the stock is currently owned by insiders.

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.