Wilson Asset Management International PTY Ltd. Purchases Shares of 30,137 Life360, Inc. (NASDAQ:LIF)

Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Life360, Inc. (NASDAQ:LIF) in the fourth quarter, HoldingsChannel reports. The firm purchased 30,137 shares of the company’s stock, valued at approximately $1,244,000. Life360 comprises about 0.3% of Wilson Asset Management International PTY Ltd.’s investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors have also made changes to their positions in LIF. New York State Common Retirement Fund acquired a new position in shares of Life360 in the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets acquired a new position in Life360 during the 3rd quarter worth approximately $98,000. MetLife Investment Management LLC acquired a new position in Life360 during the 3rd quarter worth approximately $139,000. KBC Group NV acquired a new position in Life360 during the 4th quarter worth approximately $147,000. Finally, First Dallas Securities Inc. acquired a new position in Life360 during the 3rd quarter worth approximately $273,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Canaccord Genuity Group boosted their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, JMP Securities boosted their price target on shares of Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $47.63.

Insider Activity at Life360

In other news, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $41.41, for a total transaction of $128,536.64. Following the transaction, the chief financial officer now directly owns 154,962 shares of the company’s stock, valued at $6,416,976.42. This represents a 1.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Susan L. Stick sold 2,822 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the transaction, the general counsel now directly owns 86,752 shares in the company, valued at approximately $3,650,524.16. This trade represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,539 shares of company stock worth $5,281,703 in the last 90 days.

Life360 Trading Down 3.6 %

LIF stock opened at $40.71 on Wednesday. The company has a fifty day moving average price of $44.03 and a 200 day moving average price of $42.76. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.76.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. Analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

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.