Life360, Inc. $LIF Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. trimmed its stake in shares of Life360, Inc. (NASDAQ:LIF) by 42.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,773 shares of the company’s stock after selling 39,308 shares during the period. Hodges Capital Management Inc. owned 0.07% of Life360 worth $3,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LIF. Vanguard Group Inc. lifted its stake in Life360 by 3,865.6% in the 1st quarter. Vanguard Group Inc. now owns 5,683,626 shares of the company’s stock valued at $218,194,000 after buying an additional 5,540,302 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Life360 by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 687,269 shares of the company’s stock valued at $44,844,000 after acquiring an additional 137,997 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Life360 by 7.6% in the first quarter. Lord Abbett & CO. LLC now owns 326,549 shares of the company’s stock valued at $12,536,000 after acquiring an additional 23,156 shares in the last quarter. Emerald Advisers LLC boosted its stake in shares of Life360 by 3.8% in the second quarter. Emerald Advisers LLC now owns 281,229 shares of the company’s stock worth $18,350,000 after acquiring an additional 10,412 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Life360 by 2,245.1% during the first quarter. Victory Capital Management Inc. now owns 189,645 shares of the company’s stock worth $7,280,000 after purchasing an additional 181,558 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Trading Down 0.8%

Shares of LIF opened at $90.93 on Monday. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $112.54. The firm has a market capitalization of $7.05 billion, a P/E ratio of 284.17 and a beta of 3.42. The firm has a 50-day moving average price of $98.50 and a 200 day moving average price of $77.72. The company has a current ratio of 7.14, a quick ratio of 7.01 and a debt-to-equity ratio of 0.84.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, August 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. The firm had revenue of $115.38 million for the quarter, compared to analyst estimates of $109.33 million. Life360 had a net margin of 6.45% and a return on equity of 7.65%. Sell-side analysts forecast that Life360, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on LIF. Weiss Ratings restated a “hold (c)” rating on shares of Life360 in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Life360 from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research lowered shares of Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. JMP Securities increased their price objective on shares of Life360 from $62.00 to $95.00 and gave the company a “market outperform” rating in a report on Tuesday, August 12th. Finally, UBS Group raised their target price on shares of Life360 from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Life360 currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.43.

Insider Activity at Life360

In other Life360 news, Director Charles J. Prober sold 7,930 shares of Life360 stock in a transaction on Monday, October 13th. The stock was sold at an average price of $103.20, for a total value of $818,376.00. Following the sale, the director owned 105,456 shares in the company, valued at $10,883,059.20. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lauren Antonoff sold 4,546 shares of the stock in a transaction 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 transaction, the chief executive officer owned 329,373 shares of the company’s stock, valued at approximately $30,634,982.73. This represents a 1.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 157,729 shares of company stock valued at $14,084,103 over the last 90 days.

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.