Ghisallo Capital Management LLC Acquires New Stake in Life360, Inc. (NASDAQ:LIF)

Ghisallo Capital Management LLC bought a new position in Life360, Inc. (NASDAQ:LIF) during the second quarter, Holdings Channel.com reports. The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $8,098,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Point72 DIFC Ltd bought a new position in shares of Life360 in the second quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Life360 in the 2nd quarter worth approximately $192,000. XY Capital Ltd bought a new position in shares of Life360 in the 2nd quarter worth $205,000. Point72 Asset Management L.P. bought a new position in shares of Life360 in the 2nd quarter worth $405,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Life360 during the 2nd quarter valued at $5,488,000.

Insider Activity at Life360

In other Life360 news, Director James Synge sold 33,617 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the completion of the transaction, the director now owns 291,944 shares of the company’s stock, valued at $10,813,605.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Synge sold 33,617 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $37.04, for a total value of $1,245,173.68. Following the transaction, the director now directly owns 291,944 shares of the company’s stock, valued at approximately $10,813,605.76. The disclosure for this sale can be found here. Insiders have sold 77,088 shares of company stock worth $2,672,781 over the last ninety days.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LIF. UBS Group increased their target price on Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Canaccord Genuity Group began coverage on Life360 in a report on Monday, June 17th. They set a “buy” rating and a $40.00 price objective on the stock. Canaccord Genuity Group raised Life360 to a “strong-buy” rating in a research note on Monday, June 17th. Stifel Nicolaus reissued a “buy” rating and set a $40.00 price target (up from $37.00) on shares of Life360 in a research note on Friday, August 9th. Finally, JMP Securities upped their price objective on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $39.75.

Life360 Trading Up 4.2 %

Shares of NASDAQ LIF opened at $41.01 on Wednesday. The business has a fifty day moving average price of $35.81. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $41.45.

Life360 (NASDAQ:LIF) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate 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 business had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. On average, analysts anticipate that Life360, Inc. will post -0.29 earnings per share for the current fiscal year.

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.