Root Financial Partners LLC Takes Position in Life360, Inc. $LIF

Root Financial Partners LLC bought a new stake in shares of Life360, Inc. (NASDAQ:LIF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 39,726 shares of the company’s stock, valued at approximately $2,592,000.

A number of other large investors have also added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its stake in Life360 by 81.7% in the 2nd quarter. Intech Investment Management LLC now owns 10,268 shares of the company’s stock worth $670,000 after purchasing an additional 4,616 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Life360 by 185.1% during the 2nd quarter. SG Americas Securities LLC now owns 26,851 shares of the company’s stock valued at $1,752,000 after acquiring an additional 17,434 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Life360 by 64.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,654 shares of the company’s stock worth $238,000 after acquiring an additional 1,433 shares during the period. Geode Capital Management LLC raised its holdings in shares of Life360 by 35.8% during the second quarter. Geode Capital Management LLC now owns 253,862 shares of the company’s stock valued at $16,557,000 after purchasing an additional 66,900 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in Life360 during the second quarter valued at approximately $321,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of Life360 from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. UBS Group reduced their price objective on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Zacks Research cut Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Wall Street Zen cut shares of Life360 from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Stifel Nicolaus downgraded shares of Life360 from a “buy” rating to a “hold” rating and set a $92.00 price objective on the stock. in a report on Friday, October 24th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Insider Activity

In related news, CFO Russell John Burke sold 16,287 shares of Life360 stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $90.42, for a total transaction of $1,472,670.54. Following the sale, the chief financial officer owned 63,030 shares of the company’s stock, valued at approximately $5,699,172.60. This trade represents a 20.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lauren Antonoff sold 4,546 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $93.01, for a total value of $422,823.46. Following the completion of the transaction, the chief executive officer directly owned 329,373 shares in the company, valued at approximately $30,634,982.73. This represents a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,799 shares of company stock valued at $8,316,102 in the last three months.

Life360 Stock Performance

NASDAQ:LIF opened at $70.06 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 6.62 and a current ratio of 6.80. The stock has a 50-day simple moving average of $97.30 and a two-hundred day simple moving average of $78.99. The firm has a market capitalization of $5.49 billion, a PE ratio of 206.06 and a beta of 3.42. Life360, Inc. has a 52-week low of $29.62 and a 52-week high of $112.54.

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

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.