Point72 DIFC Ltd Makes New $43,000 Investment in Life360, Inc. (NASDAQ:LIF)

Point72 DIFC Ltd bought a new stake in Life360, Inc. (NASDAQ:LIF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,334 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Regal Partners Ltd purchased a new stake in shares of Life360 during the 2nd quarter worth $23,635,000. Emerald Advisers LLC acquired a new position in Life360 during the second quarter worth about $6,777,000. Emerald Mutual Fund Advisers Trust purchased a new position in Life360 in the 2nd quarter valued at approximately $5,488,000. Finally, XY Capital Ltd acquired a new position in shares of Life360 during the 2nd quarter worth $205,000.

Insider Activity

In other Life360 news, Director Charles J. Prober sold 40,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Life360 news, Director Charles J. Prober sold 40,000 shares of the firm’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 sale, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Synge sold 33,617 shares of Life360 stock in a transaction that occurred 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 sale, the director now owns 291,944 shares in the company, valued at $10,813,605.76. The disclosure for this sale can be found here. Insiders have sold 77,088 shares of company stock worth $2,672,781 over the last 90 days.

Life360 Price Performance

Shares of NASDAQ LIF opened at $38.81 on Monday. The firm has a fifty day moving average of $35.51. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $41.17.

Life360 (NASDAQ:LIF) last announced its earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $84.86 million for the quarter, compared to the consensus estimate of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. On average, analysts forecast that Life360, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LIF shares. UBS Group upped their target price on Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research note 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 note on Monday, June 17th. Canaccord Genuity Group upgraded shares of Life360 to a “strong-buy” rating in a report on Monday, June 17th. JMP Securities boosted their price objective on shares of Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research note on Friday, August 9th. Finally, Canaccord Genuity Group initiated coverage on Life360 in a research report on Monday, June 17th. They set a “buy” rating and a $40.00 price target for the company. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $39.75.

Life360 Company 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.