Wilson Asset Management International PTY Ltd. Buys 7,043 Shares of Life360, Inc. $LIF

Wilson Asset Management International PTY Ltd. lifted its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 11.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 69,975 shares of the company’s stock after acquiring an additional 7,043 shares during the period. Life360 makes up about 1.1% of Wilson Asset Management International PTY Ltd.’s investment portfolio, making the stock its 29th biggest position. Wilson Asset Management International PTY Ltd.’s holdings in Life360 were worth $4,566,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keystone Financial Group Inc. bought a new position in shares of Life360 during the 2nd quarter worth about $62,000. GAMMA Investing LLC lifted its holdings in shares of Life360 by 2,938.9% during the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after acquiring an additional 2,116 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Life360 by 937.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,189 shares of the company’s stock worth $84,000 after acquiring an additional 1,978 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Life360 by 433.3% during the 1st quarter. New York State Common Retirement Fund now owns 3,200 shares of the company’s stock worth $123,000 after acquiring an additional 2,600 shares during the period. Finally, Strs Ohio bought a new position in shares of Life360 during the 1st quarter worth about $157,000. 20.00% of the stock is owned by institutional investors.

Insider Activity at Life360

In other news, CEO Lauren Antonoff sold 4,546 shares of Life360 stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $101.52, for a total transaction of $461,509.92. Following the completion of the sale, the chief executive officer owned 333,919 shares in the company, valued at $33,899,456.88. The trade was a 1.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Philip Coghlan sold 3,125 shares of Life360 stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $88.12, for a total transaction of $275,375.00. Following the sale, the director owned 9,375 shares of the company’s stock, valued at approximately $826,125. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 153,403 shares of company stock worth $13,380,964 over the last 90 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup initiated coverage on shares of Life360 in a report on Thursday, July 31st. They set a “buy” rating and a $90.00 price objective for the company. UBS Group increased their target price on shares of Life360 from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Wall Street Zen upgraded shares of Life360 from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Life360 in a research report on Wednesday, October 8th. Finally, 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 note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Life360 presently has a consensus rating of “Buy” and an average target price of $91.43.

Life360 Stock Performance

Shares of Life360 stock opened at $103.20 on Tuesday. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $112.54. The firm has a 50 day simple moving average of $94.78 and a 200 day simple moving average of $69.67. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. The firm has a market cap of $8.00 billion, a P/E ratio of 322.51 and a beta of 3.51.

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

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.