Oregon Public Employees Retirement Fund Takes $731,000 Position in Life360, Inc. $LIF

Oregon Public Employees Retirement Fund purchased a new stake in shares of Life360, Inc. (NASDAQ:LIF) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,900 shares of the company’s stock, valued at approximately $731,000.

A number of other hedge funds have also bought and sold shares of LIF. Strive Financial Group LLC purchased a new position in Life360 in the fourth quarter worth $26,000. MCF Advisors LLC bought a new position in Life360 in the 4th quarter valued at $32,000. NewEdge Advisors LLC purchased a new stake in shares of Life360 during the 3rd quarter valued at $32,000. IFP Advisors Inc purchased a new stake in shares of Life360 during the 3rd quarter valued at $47,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Life360 by 136.6% during the 4th quarter. Advisors Asset Management Inc. now owns 899 shares of the company’s stock worth $58,000 after purchasing an additional 519 shares during the period. 20.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Chris Hulls sold 16,379 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $40.34, for a total value of $660,728.86. Following the sale, the director owned 403,485 shares of the company’s stock, valued at $16,276,584.90. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles J. Prober sold 7,930 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $46.07, for a total transaction of $365,335.10. Following the sale, the director owned 109,911 shares in the company, valued at $5,063,599.77. The trade was a 6.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 75,827 shares of company stock valued at $3,469,849. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LIF. DA Davidson boosted their price target on shares of Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Weiss Ratings downgraded shares of Life360 from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Canaccord Genuity Group set a $72.00 price objective on shares of Life360 in a research report on Tuesday, May 12th. Macquarie Infrastructure assumed coverage on shares of Life360 in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price on the stock. Finally, Citigroup raised their price target on shares of Life360 from $60.15 to $66.65 and gave the stock a “buy” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Life360 currently has a consensus rating of “Moderate Buy” and an average target price of $63.98.

Life360 Stock Up 1.5%

LIF stock opened at $53.00 on Wednesday. The stock has a fifty day moving average of $47.10 and a 200-day moving average of $49.32. Life360, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $112.54. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 30.64 and a beta of 2.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.37.

Life360 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.