Victory Capital Management Inc. Acquires Shares of 8,087 Life360, Inc. (NASDAQ:LIF)

Victory Capital Management Inc. acquired a new stake in Life360, Inc. (NASDAQ:LIF) in the fourth quarter, Holdings Channel reports. The fund acquired 8,087 shares of the company’s stock, valued at approximately $334,000.

Other institutional investors have also recently bought and sold shares of the company. Hodges Capital Management Inc. bought a new stake in Life360 in the 3rd quarter valued at about $3,876,000. FMR LLC raised its position in shares of Life360 by 6.1% in the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock valued at $59,817,000 after buying an additional 86,917 shares in the last quarter. State Street Corp acquired a new position in shares of Life360 in the 3rd quarter valued at approximately $2,393,000. Cherrydale Wealth Management LLC acquired a new position in shares of Life360 in the 4th quarter valued at approximately $340,000. Finally, JPMorgan Chase & Co. raised its position in shares of Life360 by 295.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the company’s stock valued at $514,000 after buying an additional 9,754 shares in the last quarter. Institutional investors own 20.00% of the company’s stock.

Life360 Trading Down 8.1 %

LIF stock opened at $38.12 on Friday. Life360, Inc. has a 1 year low of $26.00 and a 1 year high of $52.77. The company has a 50 day simple moving average of $43.67 and a 200 day simple moving average of $42.82.

Life360 (NASDAQ:LIF) last announced 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). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Research analysts forecast that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at Life360

In other news, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $41.41, for a total value of $128,536.64. Following the sale, the chief financial officer now directly owns 154,962 shares of the company’s stock, valued at approximately $6,416,976.42. This represents a 1.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Lauren Antonoff sold 14,091 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $42.17, for a total transaction of $594,217.47. Following the completion of the sale, the chief operating officer now directly owns 293,769 shares in the company, valued at approximately $12,388,238.73. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,143 shares of company stock worth $6,519,549.

Analyst Upgrades and Downgrades

LIF has been the subject of several analyst reports. Canaccord Genuity Group boosted their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.