36,127 Shares of Life360, Inc. $LIF Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Life360, Inc. (NASDAQ:LIF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 36,127 shares of the company’s stock, valued at approximately $1,455,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in Life360 by 872.7% in the 3rd quarter. Sterling Capital Management LLC now owns 642 shares of the company’s stock valued at $26,000 after purchasing an additional 576 shares during the period. Root Financial Partners LLC bought a new position in shares of Life360 during the third quarter worth approximately $1,531,000. Cim Investment Management Inc. acquired a new stake in shares of Life360 in the second quarter valued at approximately $222,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Life360 in the second quarter valued at approximately $317,000. Finally, Nykredit A S bought a new stake in shares of Life360 in the second quarter valued at approximately $126,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Life360 Trading Up 1.1%

Shares of NASDAQ:LIF traded up $0.50 during midday trading on Friday, hitting $47.37. 720,519 shares of the stock were exchanged, compared to its average volume of 574,818. The business’s 50-day moving average price is $42.84 and its 200 day moving average price is $46.95. Life360, Inc. has a 12 month low of $37.01 and a 12 month high of $95.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.46 and a current ratio of 5.60. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 27.70 and a beta of 2.17.

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

Insider Buying and Selling

In other Life360 news, Director James Synge sold 27,466 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $44.31, for a total transaction of $1,217,018.46. Following the completion of the sale, the director owned 191,694 shares of the company’s stock, valued at approximately $8,493,961.14. This represents a 12.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alex Haro sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $41.44, for a total transaction of $2,072,000.00. Following the transaction, the director owned 1,010,303 shares of the company’s stock, valued at approximately $41,866,956.32. The trade was a 4.72% 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. Insiders sold 419,089 shares of company stock valued at $18,880,975 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on LIF shares. DA Davidson restated a “neutral” rating and issued a $40.00 price target on shares of Life360 in a research report on Tuesday, September 29th. Citigroup lowered their price objective on shares of Life360 from $60.10 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Weiss Ratings upgraded Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Wall Street Zen raised Life360 from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Finally, Morgan Stanley set a $65.20 target price on shares of Life360 in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.93.

Life360 Company Profile

Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.

The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.