Swiss National Bank Acquires New Shares in Life360, Inc. (NASDAQ:LIF)

Swiss National Bank bought a new position in Life360, Inc. (NASDAQ:LIF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 138,535 shares of the company’s stock, valued at approximately $5,717,000. Swiss National Bank owned approximately 0.19% of Life360 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and upped their target price for the company from $52.00 to $55.00 in a report on Friday, January 17th. Canaccord Genuity Group increased their price objective on shares of Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $47.63.

Life360 Stock Down 8.1 %

Shares of LIF stock opened at $38.12 on Monday. The firm has a 50 day moving average of $43.67 and a 200-day moving average of $42.85. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.77.

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

Insider Buying and Selling at Life360

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $42.51, for a total value of $131,951.04. Following the completion of the sale, the chief financial officer now directly owns 184,961 shares of the company’s stock, valued at approximately $7,862,692.11. This represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Synge sold 25,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $43.43, for a total transaction of $1,085,750.00. Following the completion of the sale, the director now owns 241,944 shares of the company’s stock, valued at approximately $10,507,627.92. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,039 shares of company stock worth $6,391,012.

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.