Mizuho Markets Americas LLC Grows Stake in Life360, Inc. $LIF

Mizuho Markets Americas LLC lifted its stake in Life360, Inc. (NASDAQ:LIF) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,533 shares of the company’s stock after purchasing an additional 12,714 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Life360 were worth $5,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wilson Asset Management International PTY Ltd. boosted its position in shares of Life360 by 108.6% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 50,000 shares of the company’s stock worth $3,207,000 after acquiring an additional 26,028 shares in the last quarter. Greenspring Advisors LLC acquired a new stake in shares of Life360 during the 4th quarter worth about $21,720,000. XY Capital Ltd acquired a new stake in shares of Life360 during the 4th quarter worth about $6,063,000. Milford Funds Ltd. purchased a new stake in Life360 during the fourth quarter worth approximately $9,604,000. Finally, Hodges Capital Management Inc. lifted its stake in Life360 by 36.4% during the fourth quarter. Hodges Capital Management Inc. now owns 63,546 shares of the company’s stock worth $4,076,000 after purchasing an additional 16,972 shares during the last quarter. Institutional investors own 20.00% of the company’s stock.

Insider Transactions at Life360

In related news, Director John Philip Coghlan sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $56.07, for a total value of $224,280.00. Following the completion of the sale, the director owned 24,431 shares in the company, valued at $1,369,846.17. This represents a 14.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock in a transaction on Monday, June 15th. The stock was 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 of the company’s stock, valued at approximately $5,063,599.77. This represents a 6.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,006 shares of company stock valued at $2,614,066 over the last ninety days. 6.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LIF shares. Wall Street Zen lowered shares of Life360 from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Morgan Stanley initiated coverage on shares of Life360 in a research report on Tuesday. They set an “overweight” rating and a $66.24 price objective for the company. Macquarie Infrastructure began coverage on shares of Life360 in a research report on Tuesday, April 28th. They issued an “outperform” rating and a $32.20 target price on the stock. DA Davidson lifted their price target on shares of Life360 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. Finally, Canaccord Genuity Group set a $72.00 price target on shares of Life360 in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.81.

Life360 Trading Down 4.8%

LIF opened at $49.55 on Friday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 28.64 and a beta of 2.34. Life360, Inc. has a 52 week low of $37.01 and a 52 week high of $112.54. The business’s 50 day moving average is $48.72 and its two-hundred day moving average is $48.73. The company has a quick ratio of 5.23, a current ratio of 5.37 and a debt-to-equity ratio of 0.52.

About Life360

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.