Emerald Advisers LLC Boosts Stock Position in Life360, Inc. (NASDAQ:LIF)

Emerald Advisers LLC increased its position in Life360, Inc. (NASDAQ:LIF - Free Report) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,679 shares of the company's stock after acquiring an additional 12,458 shares during the period. Emerald Advisers LLC owned approximately 0.30% of Life360 worth $8,723,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LIF. Regal Partners Ltd acquired a new position in Life360 during the second quarter worth about $23,635,000. Millennium Management LLC acquired a new position in shares of Life360 during the 2nd quarter worth approximately $11,861,000. Ghisallo Capital Management LLC acquired a new position in shares of Life360 during the 2nd quarter worth approximately $8,098,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Life360 in the 2nd quarter valued at approximately $5,488,000. Finally, Ausbil Investment Management Ltd acquired a new stake in Life360 during the 3rd quarter valued at $2,749,000.

Insider Activity

In other Life360 news, Director James Synge sold 33,617 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the completion of the sale, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. 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 through this hyperlink. 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 approximately $3,463,777.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Synge sold 33,617 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $37.04, for a total value of $1,245,173.68. Following the sale, the director now owns 291,944 shares in the company, valued at approximately $10,813,605.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,088 shares of company stock valued at $2,672,781 in the last three months.

Life360 Stock Performance

LIF stock traded up $1.38 on Friday, hitting $44.25. 114,014 shares of the company were exchanged, compared to its average volume of 149,374. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $46.12. The company has a fifty day simple moving average of $39.81.

Life360 (NASDAQ:LIF - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share 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 business had revenue of $84.86 million for the quarter, compared to analyst estimates of $85.00 million. As a group, equities analysts forecast that Life360, Inc. will post -0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LIF. UBS Group boosted their price target on Life360 from $32.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, August 9th. JMP Securities upped their target price on shares of Life360 from $38.00 to $40.00 and gave the company a "market outperform" rating in a report on Friday, August 9th. Loop Capital lifted their price target on shares of Life360 from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Stifel Nicolaus upped their price objective on shares of Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Finally, Jefferies Financial Group began coverage on shares of Life360 in a research note on Friday, August 9th. They issued a "buy" rating and a $43.00 target price for the company. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $41.00.

About Life360

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.