Ghisallo Capital Management LLC bought a new stake in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 250,000 shares of the company's stock, valued at approximately $8,098,000. Ghisallo Capital Management LLC owned approximately 0.34% of Life360 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LIF. Regal Partners Ltd purchased a new stake in shares of Life360 in the second quarter valued at $23,635,000. XY Capital Ltd purchased a new position in Life360 in the 2nd quarter valued at about $205,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Life360 during the 2nd quarter worth about $5,488,000. Emerald Advisers LLC purchased a new stake in shares of Life360 during the second quarter worth about $6,777,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Life360 in the second quarter valued at approximately $43,000.
Wall Street Analyst Weigh In
LIF has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on shares of Life360 in a research report on Friday, August 9th. They set a "buy" rating and a $43.00 target price on the stock. Canaccord Genuity Group began coverage on Life360 in a research report on Monday, June 17th. They issued a "buy" rating and a $40.00 price objective for the company. JMP Securities increased their target price on Life360 from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Friday, August 9th. UBS Group lifted their price target on Life360 from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, August 9th. Finally, Loop Capital increased their price objective on shares of Life360 from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Life360 has an average rating of "Buy" and an average price target of $39.75.
Read Our Latest Stock Report on LIF
Life360 Stock Performance
Shares of NASDAQ:LIF traded down $1.02 during trading on Wednesday, reaching $39.99. 227,891 shares of the stock were exchanged, compared to its average volume of 270,500. The company has a 50-day moving average price of $35.81. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $41.45.
Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The company had revenue of $84.86 million during the quarter, compared to the consensus estimate of $85.00 million. Analysts predict that Life360, Inc. will post -0.29 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Charles J. Prober sold 40,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the sale, the director now owns 106,742 shares in the company, valued at $3,463,777.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Charles J. Prober sold 40,000 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the sale, the director now directly owns 106,742 shares of the company's stock, valued at approximately $3,463,777.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Synge sold 33,617 shares of Life360 stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $37.04, for a total value of $1,245,173.68. Following the sale, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. The disclosure for this sale can be found here. In the last three months, insiders sold 77,088 shares of company stock valued at $2,672,781.
About Life360
(
Free Report)
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.
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