366,196 Shares in Life360, Inc. (NASDAQ:LIF) Acquired by Millennium Management LLC

Millennium Management LLC purchased a new position in Life360, Inc. (NASDAQ:LIF) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 366,196 shares of the company’s stock, valued at approximately $11,861,000. Millennium Management LLC owned approximately 0.50% of Life360 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in Life360 during the 2nd quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Life360 during the 2nd quarter worth $192,000. XY Capital Ltd bought a new position in shares of Life360 during the 2nd quarter worth $205,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Life360 during the 2nd quarter worth $5,488,000. Finally, Emerald Advisers LLC bought a new position in shares of Life360 during the 2nd quarter worth $6,777,000.

Analyst Upgrades and Downgrades

LIF has been the topic of a number of recent research reports. Stifel Nicolaus reissued 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. Evercore ISI raised Life360 to a “strong-buy” rating and set a $37.00 price target on the stock in a research report on Monday, June 17th. Loop Capital increased their price target on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group initiated coverage on Life360 in a research report on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. Finally, UBS Group increased their price target on Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $39.75.

Insider Transactions at Life360

In other news, Director James Synge sold 33,617 shares of the firm’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 completion of the transaction, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director James Synge sold 33,617 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 291,944 shares of the company’s stock, valued at $10,813,605.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction 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 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 sale, the director now directly owns 106,742 shares in the company, valued at approximately $3,463,777.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,088 shares of company stock worth $2,672,781 over the last three months.

Life360 Price Performance

Life360 stock opened at $41.58 on Tuesday. The company has a 50-day simple moving average of $36.31. Life360, Inc. has a one year low of $26.00 and a one year high of $42.16.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $85.00 million. As a group, equities analysts predict that Life360, Inc. will post -0.29 earnings per share for the current 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.