Ausbil Investment Management Ltd Purchases New Stake in Life360, Inc. (NASDAQ:LIF)

Ausbil Investment Management Ltd bought 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 firm bought 69,869 shares of the company's stock, valued at approximately $2,749,000. Ausbil Investment Management Ltd owned 0.10% of Life360 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Life360 in the third quarter valued at about $246,000. Point72 DIFC Ltd bought a new position in Life360 in the 2nd quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Life360 in the second quarter valued at approximately $192,000. Ghisallo Capital Management LLC acquired a new stake in shares of Life360 in the second quarter worth $8,098,000. Finally, Point72 Asset Management L.P. bought a new position in Life360 during the second quarter worth $405,000.

Life360 Trading Down 0.7 %

Shares of LIF traded down $0.30 during mid-day trading on Thursday, reaching $43.33. The company had a trading volume of 71,277 shares, compared to its average volume of 250,702. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $46.12. The stock's 50-day moving average price is $39.03.

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 return on equity of 9.81% and a negative net margin of 9.26%. The firm had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. On average, sell-side analysts forecast that Life360, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Loop Capital increased their price target on shares of Life360 from $36.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. UBS Group lifted their target price on Life360 from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, August 9th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $40.00 price target (up previously from $37.00) on shares of Life360 in a report on Friday, August 9th. JMP Securities lifted their price objective on Life360 from $38.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, August 9th. Finally, Jefferies Financial Group assumed coverage on Life360 in a research note on Friday, August 9th. They issued a "buy" rating and a $43.00 target price for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $39.75.

Insider Activity at Life360

In other Life360 news, Director James Synge sold 3,471 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.34, for a total value of $129,607.14. Following the transaction, the director now directly owns 67,102 shares in the company, valued at $2,505,588.68. The trade was a 0.00 % 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. In other Life360 news, Director James Synge sold 3,471 shares of Life360 stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value of $129,607.14. Following the completion of the transaction, the director now owns 67,102 shares in the company, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,088 shares of company stock valued at $2,672,781 in the last ninety days.

Life360 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.