MetLife Investment Management LLC Takes Position in Life360, Inc. (NASDAQ:LIF)

MetLife Investment Management LLC acquired a new position in Life360, Inc. (NASDAQ:LIF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,543 shares of the company’s stock, valued at approximately $139,000.

A number of other hedge funds also recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new stake in shares of Life360 in the 2nd quarter valued at about $43,000. BNP Paribas Financial Markets acquired a new stake in Life360 in the third quarter valued at approximately $98,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Life360 in the second quarter worth $192,000. XY Capital Ltd acquired a new position in shares of Life360 during the second quarter worth $205,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Life360 during the 3rd quarter valued at $246,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Canaccord Genuity Group upped their target price on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Loop Capital increased their price objective on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. UBS Group boosted their target price on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, JMP Securities boosted their price objective on shares of Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $47.00.

Life360 Stock Performance

NASDAQ:LIF opened at $43.81 on Tuesday. The firm has a fifty day simple moving average of $44.51. Life360, Inc. has a one year low of $26.00 and a one year high of $52.76.

Insider Transactions at Life360

In related news, Director Charles J. Prober sold 40,000 shares of the 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 sale, the director now directly owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. This represents a 27.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark Goines sold 10,000 shares of Life360 stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.89, for a total transaction of $438,900.00. Following the completion of the transaction, the director now directly owns 66,272 shares of the company’s stock, valued at $2,908,678.08. The trade was a 13.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 666,569 shares of company stock worth $27,017,360 over the last quarter.

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.