SG Americas Securities LLC Makes New Investment in Life360, Inc. (NASDAQ:LIF)

SG Americas Securities LLC purchased a new position in shares of Life360, Inc. (NASDAQ:LIF) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 6,263 shares of the company’s stock, valued at approximately $246,000.

Other large investors have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in shares of Life360 during the 2nd quarter worth about $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Life360 in the second quarter valued at approximately $192,000. XY Capital Ltd purchased a new position in Life360 in the second quarter valued at approximately $205,000. Point72 Asset Management L.P. acquired a new stake in Life360 in the second quarter valued at approximately $405,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Life360 in the second quarter valued at approximately $5,488,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on LIF shares. Loop Capital increased their price objective on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 target price (up from $37.00) on shares of Life360 in a research note on Friday, August 9th. UBS Group lifted their price objective on shares of Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. JMP Securities lifted their target price on Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group assumed coverage on Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $39.75.

Insider Buying and Selling

In other news, Director Charles J. Prober sold 40,000 shares of the company’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 transaction of $1,298,000.00. Following the completion of the transaction, the director now directly owns 106,742 shares in the company, valued at $3,463,777.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 value of $1,245,173.68. Following the completion of the sale, the director now directly owns 291,944 shares in the company, valued at approximately $10,813,605.76. This trade represents a 0.00 % decrease in their ownership of the stock. 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 firm’s stock in a transaction dated Wednesday, September 11th. The shares were 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,088 shares of company stock worth $2,672,781.

Life360 Price Performance

Shares of Life360 stock opened at $44.48 on Tuesday. Life360, Inc. has a 52-week low of $26.00 and a 52-week high of $46.12. The firm’s 50-day moving average price is $38.71.

Life360 (NASDAQ:LIF) last posted its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. Equities analysts expect that Life360, Inc. will post -0.29 earnings per share for the current fiscal year.

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.