Emerald Advisers LLC Has $7.27 Million Holdings in Life360, Inc. (NASDAQ:LIF)

Emerald Advisers LLC trimmed its position in shares of Life360, Inc. (NASDAQ:LIF) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,138 shares of the company’s stock after selling 45,541 shares during the period. Emerald Advisers LLC owned 0.24% of Life360 worth $7,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. bought a new stake in shares of Life360 in the 3rd quarter valued at about $547,000. The Manufacturers Life Insurance Company bought a new stake in Life360 in the third quarter valued at approximately $675,000. FMR LLC lifted its position in shares of Life360 by 6.1% in the third quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Life360 during the 3rd quarter worth approximately $98,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Life360 during the 3rd quarter worth approximately $139,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Life360 presently has a consensus rating of “Buy” and an average target price of $47.63.

Life360 Stock Down 8.1 %

Shares of NASDAQ LIF opened at $38.12 on Friday. The business has a fifty day moving average price of $43.67 and a two-hundred day moving average price of $42.82. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77.

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

Insider Buying and Selling

In related news, Director Charles J. Prober sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the completion of the sale, the director now directly owns 102,742 shares in the company, valued at $4,265,847.84. This represents a 32.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Susan L. Stick sold 2,822 shares of Life360 stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $42.08, for a total value of $118,749.76. Following the completion of the transaction, the general counsel now owns 86,752 shares in the company, valued at approximately $3,650,524.16. This represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,143 shares of company stock worth $6,519,549.

Life360 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.