Zurcher Kantonalbank Zurich Cantonalbank Invests $797,000 in Life360, Inc. (NASDAQ:LIF)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,311 shares of the company's stock, valued at approximately $797,000.

Several other large investors have also made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in Life360 during the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets acquired a new position in shares of Life360 during the 3rd quarter valued at $98,000. MetLife Investment Management LLC purchased a new stake in Life360 during the 3rd quarter worth $139,000. KBC Group NV acquired a new stake in Life360 in the 4th quarter valued at $147,000. Finally, First Dallas Securities Inc. purchased a new position in Life360 in the third quarter valued at about $273,000. 20.00% of the stock is owned by hedge funds and other institutional investors.

Life360 Price Performance

LIF stock traded up $1.15 during midday trading on Tuesday, hitting $41.40. 1,696,496 shares of the company's stock were exchanged, compared to its average volume of 352,941. The firm has a 50 day moving average price of $43.66 and a 200-day moving average price of $42.87. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. Analysts predict that Life360, Inc. will post -0.17 earnings per share for the current fiscal year.

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Insider Buying and Selling

In related news, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12. Following the transaction, the chief financial officer now directly owns 148,754 shares of the company's stock, valued at $6,958,712.12. The trade was a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Synge sold 25,000 shares of Life360 stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $43.43, for a total transaction of $1,085,750.00. Following the completion of the transaction, the director now directly owns 241,944 shares in the company, valued at $10,507,627.92. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,039 shares of company stock worth $6,391,012 in the last three months.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LIF shares. UBS Group upgraded Life360 from a "neutral" rating to a "buy" rating and increased their target price for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group upped their price target on Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $47.63.

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.