UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 14,079 Shares of Life360, Inc. $LIF

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Life360, Inc. (NASDAQ:LIF) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,845 shares of the company’s stock after selling 14,079 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Life360 were worth $6,967,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System lifted its position in Life360 by 23.5% during the 1st quarter. California State Teachers Retirement System now owns 86,635 shares of the company’s stock worth $3,536,000 after buying an additional 16,461 shares in the last quarter. Greenspring Advisors LLC bought a new position in shares of Life360 in the 4th quarter valued at about $21,720,000. Bank of New York Mellon Corp acquired a new stake in shares of Life360 in the second quarter valued at about $15,547,000. XY Capital Ltd acquired a new stake in shares of Life360 in the fourth quarter valued at about $6,063,000. Finally, Milford Funds Ltd. acquired a new stake in shares of Life360 in the fourth quarter valued at about $9,604,000. 20.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Chris Hulls sold 250,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the completion of the transaction, the director owned 382,056 shares of the company’s stock, valued at approximately $17,895,503.04. The trade was a 39.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Synge sold 27,466 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $44.31, for a total value of $1,217,018.46. Following the transaction, the director directly owned 191,694 shares of the company’s stock, valued at approximately $8,493,961.14. The trade was a 12.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 369,557 shares of company stock valued at $17,915,251. Corporate insiders own 6.80% of the company’s stock.

Life360 Stock Performance

LIF opened at $43.09 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.60 and a quick ratio of 5.46. The business has a fifty day simple moving average of $51.51 and a 200 day simple moving average of $46.88. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $112.54. The company has a market capitalization of $3.51 billion, a PE ratio of 25.20 and a beta of 2.24.

Life360 (NASDAQ:LIF) last announced 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 the consensus estimate of $156.68 million. Research analysts expect that Life360, Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on LIF. Bank of America increased their price objective on Life360 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Evercore set a $68.00 target price on shares of Life360 in a report on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price target on shares of Life360 in a research report on Tuesday, May 12th. Wall Street Zen cut shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Citigroup decreased their price objective on shares of Life360 from $66.65 to $60.10 and set a “buy” rating for the company in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Life360 presently has a consensus rating of “Moderate Buy” and an average target price of $60.72.

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.