Penserra Capital Management LLC Raises Holdings in Life360, Inc. $LIF

Penserra Capital Management LLC raised its holdings in Life360, Inc. (NASDAQ:LIF) by 143.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,879 shares of the company’s stock after purchasing an additional 12,311 shares during the quarter. Penserra Capital Management LLC’s holdings in Life360 were worth $2,219,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CWM LLC increased its position in shares of Life360 by 71.4% during the 3rd quarter. CWM LLC now owns 384 shares of the company’s stock worth $41,000 after purchasing an additional 160 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Life360 by 0.4% during the second quarter. California State Teachers Retirement System now owns 61,697 shares of the company’s stock valued at $4,026,000 after acquiring an additional 254 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Life360 by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 21,127 shares of the company’s stock valued at $1,379,000 after acquiring an additional 343 shares during the last quarter. State of Wyoming raised its stake in shares of Life360 by 25.6% in the 3rd quarter. State of Wyoming now owns 1,847 shares of the company’s stock valued at $196,000 after acquiring an additional 376 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Life360 by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,175 shares of the company’s stock worth $237,000 after acquiring an additional 378 shares during the last quarter. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Life360 in a report on Monday, December 29th. Zacks Research lowered Life360 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Citigroup reiterated a “buy” rating on shares of Life360 in a report on Tuesday, January 27th. Canaccord Genuity Group reissued a “buy” rating and set a $115.00 target price on shares of Life360 in a research note on Tuesday, December 16th. Finally, UBS Group dropped their target price on Life360 from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Life360 presently has an average rating of “Moderate Buy” and an average target price of $90.31.

Life360 Stock Up 3.0%

Shares of NASDAQ LIF opened at $54.41 on Friday. The stock has a market cap of $4.27 billion, a P/E ratio of 160.03 and a beta of 3.79. The business’s fifty day simple moving average is $64.08 and its 200-day simple moving average is $80.72. Life360, Inc. has a 12-month low of $29.62 and a 12-month high of $112.54. The company has a current ratio of 6.80, a quick ratio of 6.62 and a debt-to-equity ratio of 0.79.

Life360 (NASDAQ:LIF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. The company had revenue of $124.50 million for the quarter, compared to the consensus estimate of $119.26 million. Life360 had a return on equity of 7.95% and a net margin of 6.46%. As a group, equities analysts predict that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity

In related news, Director James Synge sold 3,966 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $63.96, for a total value of $253,665.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Chris Hulls sold 1,846 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $63.96, for a total transaction of $118,070.16. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 605,351 shares of company stock valued at $46,442,822. 8.00% of the stock is owned by corporate insiders.

Life360 Company Profile

Life360, Inc (NASDAQ: LIF) operates a location-based safety and communication platform designed to help families stay connected and secure. Through its flagship mobile application, Life360 offers real-time location sharing, check-in alerts and geofencing tools that enable users to monitor the whereabouts of family members or other trusted circles. The company’s services extend to emergency response features, including SOS alerts, 24/7 roadside assistance and crash detection capabilities powered by machine-learning algorithms, all aimed at enhancing user safety on the road and at home.

The Life360 platform is offered under a freemium model, with a basic no-cost tier providing essential location sharing and alerts.