Rhumbline Advisers Has $522,000 Holdings in Life360, Inc. (NASDAQ:LIF)

Rhumbline Advisers increased its stake in shares of Life360, Inc. (NASDAQ:LIF) by 83.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,651 shares of the company’s stock after purchasing an additional 5,762 shares during the period. Rhumbline Advisers’ holdings in Life360 were worth $522,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LIF. WealthPlan Investment Management LLC increased its holdings in shares of Life360 by 8.2% in the third quarter. WealthPlan Investment Management LLC now owns 9,745 shares of the company’s stock worth $383,000 after acquiring an additional 738 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Life360 in the third quarter worth about $98,000. SG Americas Securities LLC increased its holdings in shares of Life360 by 54.1% in the fourth quarter. SG Americas Securities LLC now owns 9,649 shares of the company’s stock worth $398,000 after acquiring an additional 3,386 shares in the last quarter. First Dallas Securities Inc. increased its holdings in shares of Life360 by 50.4% in the fourth quarter. First Dallas Securities Inc. now owns 10,450 shares of the company’s stock worth $431,000 after acquiring an additional 3,500 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new stake in shares of Life360 in the third quarter worth about $139,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Life360 news, Director Charles J. Prober sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the transaction, the director now owns 102,742 shares in the company, valued at $4,265,847.84. This trade represents a 32.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell John Burke sold 3,104 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $41.41, for a total value of $128,536.64. Following the transaction, the chief financial officer now owns 154,962 shares in the company, valued at approximately $6,416,976.42. This trade represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock valued at $3,487,935 over the last three months.

Life360 Price Performance

Shares of NASDAQ LIF opened at $43.94 on Friday. The stock has a 50 day moving average price of $44.04 and a 200 day moving average price of $42.71. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $52.76.

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

Analysts Set New Price Targets

LIF has been the subject of several recent analyst reports. Canaccord Genuity Group increased their price target on Life360 from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. JMP Securities increased their price objective on Life360 from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Finally, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $55.00 in a report on Friday, January 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $47.63.

About Life360

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.