Point72 Asset Management L.P. Takes Position in Life360, Inc. (NASDAQ:LIF)

Point72 Asset Management L.P. acquired a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,500 shares of the company's stock, valued at approximately $405,000.

A number of other large investors have also recently made changes to their positions in LIF. Regal Partners Ltd acquired a new stake in shares of Life360 during the second quarter worth about $23,635,000. XY Capital Ltd acquired a new stake in Life360 during the 2nd quarter valued at approximately $205,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Life360 in the 2nd quarter valued at $5,488,000. Emerald Advisers LLC acquired a new stake in shares of Life360 in the second quarter worth $6,777,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Life360 during the second quarter worth $43,000.

Insider Transactions at Life360

In other news, Director Charles J. Prober sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the transaction, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director James Synge sold 3,471 shares of Life360 stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.34, for a total transaction of $129,607.14. Following the sale, the director now owns 67,102 shares of the company's stock, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles J. Prober sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $1,298,000.00. Following the completion of the transaction, the director now owns 106,742 shares in the company, valued at $3,463,777.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,088 shares of company stock valued at $2,672,781.

Life360 Price Performance

Shares of NASDAQ LIF traded up $0.47 during midday trading on Friday, hitting $40.02. The stock had a trading volume of 212,917 shares, compared to its average volume of 267,988. The company's 50 day simple moving average is $36.31. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $41.45.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. The company had revenue of $84.86 million for the quarter, compared to analyst estimates of $85.00 million. On average, equities research analysts anticipate that Life360, Inc. will post -0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on LIF. Jefferies Financial Group started coverage on Life360 in a research report on Friday, August 9th. They set a "buy" rating and a $43.00 price target on the stock. Evercore ISI upgraded Life360 to a "strong-buy" rating and set a $37.00 price target for the company in a research report on Monday, June 17th. UBS Group upped their price objective on Life360 from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, August 9th. Loop Capital lifted their target price on shares of Life360 from $36.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Finally, Stifel Nicolaus reissued a "buy" rating and set a $40.00 price target (up from $37.00) on shares of Life360 in a report on Friday, August 9th. One research 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. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $39.75.

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.