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

Emerald Advisers LLC trimmed its stake in Life360, Inc. (NASDAQ:LIF - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,138 shares of the company's stock after selling 45,541 shares during the quarter. Emerald Advisers LLC owned approximately 0.24% of Life360 worth $7,269,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research firms recently weighed in on LIF. UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group upped their price target on shares of Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Life360 has a consensus rating of "Buy" and a consensus price target of $47.63.

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Insiders Place Their Bets

In other news, General Counsel Susan L. Stick sold 2,822 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.08, for a total transaction of $118,749.76. Following the completion of the transaction, the general counsel now directly owns 86,752 shares of the company's stock, valued at $3,650,524.16. This represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of the business's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12. Following the sale, the chief financial officer now directly owns 148,754 shares in the company, valued at $6,958,712.12. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 159,189 shares of company stock valued at $6,708,942.

Life360 Trading Down 2.3 %

Life360 stock traded down $0.93 during trading hours on Thursday, hitting $38.95. The stock had a trading volume of 348,390 shares, compared to its average volume of 359,424. The company has a 50-day moving average of $43.65 and a two-hundred day moving average of $42.85. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77.

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