Point72 Asia Singapore Pte. Ltd. Purchases New Holdings in Life360, Inc. (NASDAQ:LIF)

Point72 Asia Singapore Pte. Ltd. acquired a new position in Life360, Inc. (NASDAQ:LIF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,934 shares of the company’s stock, valued at approximately $192,000.

Several other large investors have also recently bought and sold shares of LIF. Regal Partners Ltd bought a new stake in shares of Life360 during the second quarter worth approximately $23,635,000. Emerald Advisers LLC bought a new stake in Life360 in the second quarter valued at about $6,777,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Life360 during the 2nd quarter worth about $5,488,000. XY Capital Ltd bought a new stake in shares of Life360 in the 2nd quarter valued at about $205,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Life360 in the 2nd quarter valued at approximately $43,000.

Life360 Stock Up 1.1 %

NASDAQ:LIF opened at $39.47 on Friday. The stock’s 50-day moving average price is $35.40. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $41.17.

Life360 (NASDAQ:LIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Life360 had a negative net margin of 9.26% and a negative return on equity of 9.81%. The company had revenue of $84.86 million for the quarter, compared to the consensus estimate of $85.00 million. On average, research analysts predict that Life360, Inc. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on LIF. Loop Capital boosted their price objective on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Canaccord Genuity Group upgraded shares of Life360 to a “strong-buy” rating in a research report on Monday, June 17th. Canaccord Genuity Group initiated coverage on Life360 in a report on Monday, June 17th. They set a “buy” rating and a $40.00 target price on the stock. Evercore ISI upgraded Life360 to a “strong-buy” rating and set a $37.00 price target for the company in a report on Monday, June 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price target (up previously from $37.00) on shares of Life360 in a research report on Friday, August 9th. One research 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 stock. According to data from MarketBeat.com, Life360 presently has a consensus rating of “Buy” and a consensus price target of $39.75.

Insiders Place Their Bets

In other news, Director Charles J. Prober sold 40,000 shares of the firm’s 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 transaction, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director James Synge sold 33,617 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the sale, the director now owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. 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 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.