Wealthstream Advisors Inc. Cuts Stock Holdings in Life360, Inc. $LIF

Wealthstream Advisors Inc. reduced its stake in shares of Life360, Inc. (NASDAQ:LIF) by 11.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 61,541 shares of the company’s stock after selling 7,870 shares during the quarter. Life360 comprises 0.7% of Wealthstream Advisors Inc.’s portfolio, making the stock its 17th biggest holding. Wealthstream Advisors Inc.’s holdings in Life360 were worth $4,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LIF. Keystone Financial Group Inc. acquired a new position in Life360 during the second quarter worth about $62,000. GAMMA Investing LLC grew its position in Life360 by 2,938.9% during the first quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after buying an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Life360 by 937.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after buying an additional 1,978 shares during the period. New York State Common Retirement Fund grew its position in Life360 by 433.3% during the first quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock worth $123,000 after buying an additional 2,600 shares during the period. Finally, Strs Ohio acquired a new position in Life360 during the first quarter worth about $157,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Stock Down 4.9%

LIF stock opened at $87.60 on Friday. Life360, Inc. has a 12 month low of $29.62 and a 12 month high of $112.54. The company’s 50 day simple moving average is $96.29 and its 200-day simple moving average is $71.00. The firm has a market capitalization of $6.79 billion, a PE ratio of 273.76 and a beta of 3.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01.

Life360 (NASDAQ:LIF) last announced its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The firm had revenue of $115.38 million for the quarter, compared to analyst estimates of $109.33 million. Life360 has set its FY 2025 guidance at EPS. Equities analysts expect that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Evercore ISI upped their target price on shares of Life360 from $55.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Life360 from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. JMP Securities increased their price target on shares of Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 12th. Canaccord Genuity Group increased their price target on shares of Life360 from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Finally, UBS Group increased their price target on shares of Life360 from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Life360 has a consensus rating of “Buy” and an average target price of $91.43.

Insider Activity

In related news, Director Mark Goines sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $86.87, for a total transaction of $1,737,400.00. Following the sale, the director owned 71,809 shares in the company, valued at approximately $6,238,047.83. This trade represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles J. Prober sold 7,930 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $103.20, for a total transaction of $818,376.00. Following the sale, the director owned 105,456 shares in the company, valued at approximately $10,883,059.20. This trade represents a 6.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 161,333 shares of company stock valued at $14,199,340 in the last 90 days. Insiders own 8.00% of the company’s stock.

Life360 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.