Vise Technologies Inc. Acquires 36,127 Shares of Life360, Inc. $LIF

Vise Technologies Inc. purchased a new stake in Life360, Inc. (NASDAQ:LIF) in the 3rd quarter, HoldingsChannel reports. The fund purchased 36,127 shares of the company’s stock, valued at approximately $1,455,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Life360 by 455.0% in the 1st quarter. Principal Financial Group Inc. now owns 463,442 shares of the company’s stock worth $18,918,000 after buying an additional 379,941 shares during the last quarter. Bank of America Corp DE grew its stake in Life360 by 312.8% during the first quarter. Bank of America Corp DE now owns 407,296 shares of the company’s stock valued at $16,626,000 after acquiring an additional 308,632 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Life360 in the second quarter worth $15,547,000. Greenspring Advisors LLC purchased a new position in shares of Life360 during the second quarter worth about $9,592,000. Finally, Legal & General Group Plc purchased a new stake in shares of Life360 during the 2nd quarter valued at $9,467,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Alex Haro sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $41.44, for a total value of $2,072,000.00. Following the completion of the sale, the director directly owned 1,010,303 shares of the company’s stock, valued at approximately $41,866,956.32. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chris Hulls sold 250,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $46.84, for a total transaction of $11,710,000.00. Following the transaction, the director owned 382,056 shares in the company, valued at $17,895,503.04. This represents a 39.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 419,089 shares of company stock valued at $18,880,975 over the last three months. Insiders own 6.80% of the company’s stock.

Life360 Trading Up 1.1%

Shares of Life360 stock traded up $0.50 during trading on Friday, reaching $47.37. 720,519 shares of the stock were exchanged, compared to its average volume of 574,818. The company has a quick ratio of 5.46, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 27.70 and a beta of 2.17. Life360, Inc. has a 1 year low of $37.01 and a 1 year high of $95.98. The stock’s fifty day moving average is $42.84 and its 200 day moving average is $46.95.

Life360 (NASDAQ:LIF) last released its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $158.96 million for the quarter, compared to the consensus estimate of $156.68 million. Life360 had a net margin of 25.73% and a return on equity of 5.66%. As a group, equities research analysts expect that Life360, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on LIF shares. Weiss Ratings upgraded shares of Life360 from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Morgan Stanley set a $65.20 target price on Life360 in a research note on Wednesday, August 12th. Wall Street Zen upgraded Life360 from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. DA Davidson restated a “neutral” rating and set a $40.00 price target on shares of Life360 in a research report on Tuesday, September 29th. Finally, Bank of America lifted their price target on Life360 from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.93.

About Life360

Life360, Inc is a technology company that develops connected safety and security products for families, individuals and pets. Its primary offering is the Life360 mobile application, which provides location sharing, family communication, driving safety tools, emergency assistance and other features intended to help users coordinate and stay connected.

The company also offers services such as crash detection, roadside assistance, SOS support and digital safety features. Through its ownership of Tile, Life360 provides Bluetooth-enabled finding devices and related tracking services for personal belongings.