EntryPoint Capital LLC Invests $371,000 in Life360, Inc. (NASDAQ:LIF)

EntryPoint Capital LLC acquired a new position in shares of Life360, Inc. (NASDAQ:LIF) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 8,999 shares of the company’s stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LIF. Lord Abbett & CO. LLC purchased a new stake in Life360 during the third quarter worth about $7,995,000. Swiss National Bank purchased a new stake in Life360 during the 4th quarter worth approximately $5,717,000. Geode Capital Management LLC acquired a new stake in Life360 during the 3rd quarter worth approximately $5,134,000. Bank of New York Mellon Corp boosted its position in Life360 by 1,007.8% in the 4th quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company’s stock valued at $5,397,000 after buying an additional 118,974 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of Life360 during the third quarter worth $4,689,000. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Life360 Trading Down 3.7 %

LIF opened at $39.88 on Thursday. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77. The business’s 50-day simple moving average is $43.68 and its 200-day simple moving average is $42.88.

Life360 (NASDAQ:LIF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $115.53 million during the quarter, compared to analysts’ expectations of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. On average, analysts expect that Life360, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LIF has been the subject of a number of recent research reports. Canaccord Genuity Group lifted their target price on Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group raised Life360 from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $47.63.

Insider Buying and Selling

In other news, COO Lauren Antonoff sold 4,546 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $38.64, for a total transaction of $175,657.44. Following the transaction, the chief operating officer now directly owns 317,802 shares in the company, valued at approximately $12,279,869.28. This trade represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles J. Prober sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $41.52, for a total transaction of $2,076,000.00. Following the completion of the sale, the director now owns 102,742 shares of the company’s stock, valued at approximately $4,265,847.84. This trade represents a 32.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,689 shares of company stock worth $6,688,812 in the last ninety days.

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.