Point72 Asset Management L.P. Makes New $405,000 Investment in Life360, Inc. (NASDAQ:LIF)

Point72 Asset Management L.P. bought a new position in Life360, Inc. (NASDAQ:LIF) during the second quarter, HoldingsChannel.com reports. The fund bought 12,500 shares of the company’s stock, valued at approximately $405,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new position in Life360 in the second quarter worth about $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Life360 during the second quarter valued at approximately $192,000. XY Capital Ltd purchased a new position in Life360 in the 2nd quarter worth approximately $205,000. Emerald Mutual Fund Advisers Trust bought a new position in Life360 in the 2nd quarter valued at approximately $5,488,000. Finally, Emerald Advisers LLC purchased a new stake in Life360 during the 2nd quarter valued at $6,777,000.

Wall Street Analyst Weigh In

LIF has been the topic of a number of research analyst reports. Jefferies Financial Group assumed coverage on Life360 in a report on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. Canaccord Genuity Group initiated coverage on shares of Life360 in a report on Monday, June 17th. They set a “buy” rating and a $40.00 price target on the stock. Evercore ISI raised shares of Life360 to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Monday, June 17th. JMP Securities increased their price objective on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group upgraded shares of Life360 to a “strong-buy” rating in a research note on Monday, June 17th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $39.75.

Life360 Stock Performance

LIF opened at $40.02 on Friday. The stock has a 50 day simple moving average of $36.14. Life360, Inc. has a 1-year low of $26.00 and a 1-year high of $41.45.

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

Insider Activity

In other Life360 news, Director James Synge sold 33,617 shares of the company’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 completion of the transaction, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director James Synge sold 33,617 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was 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 in the company, valued at $10,813,605.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles J. Prober sold 40,000 shares of the 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 sale, the director now owns 106,742 shares of the company’s stock, valued at $3,463,777.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,088 shares of company stock valued at $2,672,781 in the last ninety days.

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.