UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 14,079 Shares of Life360, Inc. $LIF

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Life360, Inc. (NASDAQ:LIF) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,845 shares of the company’s stock after selling 14,079 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Life360 worth $6,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIF. Jefferies Financial Group Inc. acquired a new stake in shares of Life360 in the 2nd quarter valued at $676,000. Capstone Investment Advisors LLC bought a new stake in shares of Life360 in the 2nd quarter worth about $254,000. Jupiter Topco LLC acquired a new stake in shares of Life360 during the 2nd quarter worth about $1,954,000. Lead Edge Capital Management LLC bought a new position in Life360 during the 2nd quarter valued at about $489,050. Finally, Legal & General Group Plc bought a new position in Life360 during the 2nd quarter valued at about $9,467,000. 20.00% of the stock is owned by institutional investors.

Life360 Stock Down 2.4%

Shares of NASDAQ LIF opened at $43.09 on Wednesday. Life360, Inc. has a 12-month low of $37.01 and a 12-month high of $112.54. The firm’s 50-day simple moving average is $51.51 and its 200 day simple moving average is $46.88. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 25.20 and a beta of 2.24.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). Life360 had a net margin of 25.73% and a return on equity of 5.66%. The company had revenue of $158.96 million during the quarter, compared to analyst estimates of $156.68 million. On average, research analysts expect that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LIF. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research note on Tuesday, May 12th. UBS Group cut their target price on shares of Life360 from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Bank of America boosted their target price on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Morgan Stanley set a $65.20 price target on Life360 in a research report on Wednesday, August 12th. Finally, Wall Street Zen cut Life360 from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Life360 has an average rating of “Moderate Buy” and a consensus target price of $60.72.

Insider Buying and Selling at Life360

In other Life360 news, Director John Coghlan sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the sale, the director directly owned 16,431 shares of the company’s stock, valued at approximately $689,609.07. The trade was a 19.58% decrease in their position. The sale was disclosed in a document filed 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 Brit Morin sold 10,701 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $642,060.00. Following the sale, the director directly owned 20,157 shares of the company’s stock, valued at approximately $1,209,420. This trade represents a 34.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 369,557 shares of company stock valued at $17,915,251 over the last three months. 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.