Hodges Capital Management Inc. Takes Position in Life360, Inc. (NASDAQ:LIF)

Hodges Capital Management Inc. acquired a new position in Life360, Inc. (NASDAQ:LIF - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 98,493 shares of the company's stock, valued at approximately $3,876,000. Hodges Capital Management Inc. owned 0.13% of Life360 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in Life360 during the second quarter valued at $43,000. BNP Paribas Financial Markets purchased a new position in shares of Life360 during the 3rd quarter valued at about $98,000. MetLife Investment Management LLC bought a new position in shares of Life360 during the 3rd quarter valued at approximately $139,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Life360 in the 2nd quarter worth approximately $192,000. Finally, XY Capital Ltd purchased a new stake in Life360 in the 2nd quarter worth approximately $205,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LIF. Canaccord Genuity Group raised their price target on Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Stifel Nicolaus lifted their target price on Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, October 28th. UBS Group upped their price target on Life360 from $35.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Loop Capital boosted their target price on shares of Life360 from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Finally, JMP Securities raised their target price on shares of Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Life360 has a consensus rating of "Buy" and an average target price of $47.00.

Life360 Price Performance

Shares of NASDAQ:LIF traded down $3.19 during trading hours on Friday, hitting $48.01. 1,248,167 shares of the company's stock traded hands, compared to its average volume of 611,094. The firm has a fifty day simple moving average of $44.51. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.76.

Insider Transactions at Life360

In other Life360 news, Director Mark Goines sold 10,000 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.89, for a total value of $438,900.00. Following the completion of the sale, the director now directly owns 66,272 shares in the company, valued at approximately $2,908,678.08. This represents a 13.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Hulls sold 556,569 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $41.02, for a total value of $22,830,460.38. Following the transaction, the chief executive officer now owns 952,696 shares in the company, valued at approximately $39,079,589.92. This represents a 36.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 700,186 shares of company stock worth $28,262,534.

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.