Barings LLC Acquires Shares of 13,473 Life360, Inc. (NASDAQ:LIF)

Barings LLC purchased a new position in Life360, Inc. (NASDAQ:LIF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,473 shares of the company's stock, valued at approximately $556,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LIF. Wealthstream Advisors Inc. acquired a new stake in Life360 in the 3rd quarter worth $35,538,000. Lord Abbett & CO. LLC acquired a new stake in Life360 in the 3rd quarter worth $7,995,000. Geode Capital Management LLC acquired a new stake in Life360 in the 3rd quarter worth $5,134,000. Bank of New York Mellon Corp lifted its holdings in shares of Life360 by 1,007.8% during the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock worth $5,397,000 after acquiring an additional 118,974 shares during the period. Finally, Franklin Resources Inc. bought a new position in shares of Life360 during the 3rd quarter worth about $4,689,000. 20.00% of the stock is currently owned by institutional investors and hedge funds.

Life360 Trading Up 5.1 %

LIF stock traded up $2.15 during trading on Friday, hitting $43.94. 633,553 shares of the stock traded hands, compared to its average volume of 262,417. Life360, Inc. has a one year low of $26.00 and a one year high of $52.76. The company has a 50 day simple moving average of $44.04 and a 200 day simple moving average of $42.74.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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%. Research analysts forecast that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LIF shares. JMP Securities raised their price objective 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. Canaccord Genuity Group raised their price objective 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, UBS Group raised shares of Life360 from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $47.63.

Insider Buying and Selling at Life360

In related news, CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 154,962 shares in the company, valued at approximately $6,416,976.42. The trade was a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles J. Prober sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the transaction, the director now owns 102,742 shares of the company's stock, valued at approximately $4,265,847.84. This represents a 32.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,715 shares of company stock worth $3,487,935.

About Life360

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.