Emerald Mutual Fund Advisers Trust Increases Holdings in Life360, Inc. (NASDAQ:LIF)

Emerald Mutual Fund Advisers Trust grew its holdings in Life360, Inc. (NASDAQ:LIF) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 170,182 shares of the company’s stock after buying an additional 736 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.23% of Life360 worth $6,697,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LIF. Point72 DIFC Ltd purchased a new stake in Life360 in the second quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Life360 in the 2nd quarter worth $192,000. XY Capital Ltd purchased a new stake in shares of Life360 in the 2nd quarter worth about $205,000. SG Americas Securities LLC bought a new stake in shares of Life360 during the 3rd quarter valued at about $246,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Life360 during the second quarter valued at about $405,000.

Insider Buying and Selling at Life360

In other news, Director Charles J. Prober sold 40,000 shares of the company’s stock in a transaction that occurred 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Life360 news, Director Charles J. Prober sold 40,000 shares of Life360 stock in a transaction on 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 completion of the sale, the director now owns 106,742 shares of the company’s stock, valued at approximately $3,463,777.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Synge sold 33,617 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $37.04, for a total value of $1,245,173.68. Following the transaction, the director now directly owns 291,944 shares in the company, valued at approximately $10,813,605.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,088 shares of company stock worth $2,672,781.

Analyst Upgrades and Downgrades

Several analysts have commented on LIF shares. JMP Securities raised their price objective on shares of Life360 from $38.00 to $40.00 and gave the stock a “market outperform” rating in a report on Friday, August 9th. Jefferies Financial Group began coverage on Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 target price for the company. Stifel Nicolaus upped their price target on Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. UBS Group raised their price objective on Life360 from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, Loop Capital boosted their target price on shares of Life360 from $36.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $41.00.

Life360 Price Performance

Shares of NASDAQ:LIF opened at $44.25 on Friday. The company’s fifty day moving average is $39.81. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $46.12.

Life360 (NASDAQ:LIF) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $84.86 million during the quarter, compared to analyst estimates of $85.00 million. Life360 had a negative return on equity of 9.81% and a negative net margin of 9.26%. As a group, research analysts anticipate that Life360, Inc. will post -0.37 EPS for the current year.

About Life360

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.