Teacher Retirement System of Texas Acquires New Shares in Life360, Inc. (NASDAQ:LIF)

Teacher Retirement System of Texas bought a new position in shares of Life360, Inc. (NASDAQ:LIF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,351 shares of the company’s stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. purchased a new position in Life360 during the third quarter worth about $547,000. The Manufacturers Life Insurance Company acquired a new position in shares of Life360 in the 3rd quarter worth approximately $675,000. FMR LLC boosted its position in shares of Life360 by 6.1% during the 3rd quarter. FMR LLC now owns 1,520,135 shares of the company’s stock worth $59,817,000 after purchasing an additional 86,917 shares during the period. BNP Paribas Financial Markets acquired a new stake in Life360 in the 3rd quarter valued at approximately $98,000. Finally, MetLife Investment Management LLC acquired a new stake in Life360 in the 3rd quarter valued at approximately $139,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group upgraded Life360 from a “neutral” rating to a “buy” rating and upped their price target for the stock from $52.00 to $55.00 in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $47.63.

Life360 Stock Performance

Shares of LIF stock opened at $38.38 on Wednesday. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.77. The company has a 50 day moving average price of $43.33 and a 200 day moving average price of $43.09.

Life360 (NASDAQ:LIF) last posted 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 business had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. On average, equities analysts predict that Life360, Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.78, for a total transaction of $145,205.12. Following the completion of the transaction, the chief financial officer now owns 148,754 shares in the company, valued at $6,958,712.12. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Lauren Antonoff sold 5,500 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $38.38, for a total transaction of $211,090.00. Following the completion of the sale, the chief operating officer now directly owns 312,302 shares in the company, valued at approximately $11,986,150.76. This represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,689 shares of company stock valued at $6,920,032 in the last three months.

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.