Mizuho Markets Americas LLC boosted its stake in Life360, Inc. (NASDAQ:LIF – Free Report) by 10.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 133,533 shares of the company’s stock after buying an additional 12,714 shares during the quarter. Mizuho Markets Americas LLC owned approximately 0.16% of Life360 worth $5,451,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Life360 in the fourth quarter valued at about $47,097,000. Principal Financial Group Inc. grew its position in Life360 by 455.0% in the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock worth $18,918,000 after purchasing an additional 379,941 shares in the last quarter. Franklin Resources Inc. increased its stake in Life360 by 86.3% in the 3rd quarter. Franklin Resources Inc. now owns 760,122 shares of the company’s stock valued at $80,801,000 after buying an additional 352,110 shares during the last quarter. Greenspring Advisors LLC bought a new position in shares of Life360 during the 4th quarter worth approximately $21,720,000. Finally, Invesco Ltd. boosted its stake in shares of Life360 by 171.3% in the 3rd quarter. Invesco Ltd. now owns 444,923 shares of the company’s stock worth $47,295,000 after buying an additional 280,953 shares during the last quarter. 20.00% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
LIF has been the subject of several recent analyst reports. Evercore set a $68.00 target price on Life360 in a report on Tuesday, May 12th. Citigroup lifted their price target on Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a report on Monday, July 6th. Bank of America boosted their price objective on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Canaccord Genuity Group set a $72.00 target price on Life360 in a research report on Tuesday, May 12th. Finally, DA Davidson lifted their target price on Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.81.
Life360 Stock Performance
NASDAQ:LIF opened at $49.55 on Friday. The company has a market capitalization of $4.02 billion, a P/E ratio of 28.64 and a beta of 2.34. The business has a fifty day simple moving average of $48.72 and a two-hundred day simple moving average of $48.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $112.54.
Insider Buying and Selling
In other news, Director Brit Morin sold 4,655 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $55.00, for a total value of $256,025.00. Following the completion of the transaction, the director directly owned 25,975 shares in the company, valued at approximately $1,428,625. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $46.07, for a total transaction of $365,335.10. Following the completion of the transaction, the director directly owned 109,911 shares in the company, valued at approximately $5,063,599.77. The trade was a 6.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 57,006 shares of company stock valued at $2,614,066. 6.80% of the stock is owned by company insiders.
Life360 Company 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.
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