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

Hodges Capital Management Inc. increased its holdings in shares of Life360, Inc. (NASDAQ:LIF) by 36.4% in the fourth quarter, Holdings Channel reports. The firm owned 63,546 shares of the company’s stock after buying an additional 16,972 shares during the period. Hodges Capital Management Inc.’s holdings in Life360 were worth $4,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. increased its position in shares of Life360 by 824.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 239 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Life360 during the 4th quarter worth about $32,000. NewEdge Advisors LLC acquired a new stake in shares of Life360 during the 3rd quarter worth about $32,000. IFP Advisors Inc acquired a new stake in shares of Life360 during the 3rd quarter worth about $47,000. Finally, Jones Financial Companies Lllp increased its position in shares of Life360 by 1,663.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 529 shares of the company’s stock worth $55,000 after purchasing an additional 499 shares during the last quarter. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Stock Performance

Shares of Life360 stock opened at $44.85 on Thursday. The business has a 50-day moving average of $42.89 and a 200 day moving average of $52.64. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $112.54. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 25.92 and a beta of 2.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.37 and a quick ratio of 5.23.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LIF. Citigroup restated a “buy” rating on shares of Life360 in a report on Monday. UBS Group lowered their target price on Life360 from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Evercore set a $68.00 target price on Life360 in a report on Tuesday, May 12th. Macquarie Infrastructure began coverage on Life360 in a report on Tuesday, April 28th. They set an “outperform” rating and a $32.20 target price for the company. Finally, Canaccord Genuity Group set a $72.00 target price on Life360 in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.94.

Insider Transactions at Life360

In related news, Director John Philip Coghlan sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $43.99, for a total transaction of $175,960.00. Following the completion of the transaction, the director directly owned 28,431 shares in the company, valued at $1,250,679.69. This trade represents a 12.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Chris Hulls sold 16,379 shares of Life360 stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $40.34, for a total value of $660,728.86. Following the completion of the transaction, the director owned 403,485 shares of the company’s stock, valued at $16,276,584.90. The trade was a 3.90% 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. Over the last quarter, insiders have sold 70,263 shares of company stock valued at $2,926,637. Insiders own 6.80% of the company’s stock.

About Life360

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.