Emerald Mutual Fund Advisers Trust Buys 736 Shares of Life360, Inc. (NASDAQ:LIF)

Emerald Mutual Fund Advisers Trust grew its position in shares of Life360, Inc. (NASDAQ:LIF) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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’s holdings in Life360 were worth $6,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of LIF. Ausbil Investment Management Ltd purchased a new stake in Life360 during the third quarter valued at $2,749,000. SG Americas Securities LLC bought a new stake in shares of Life360 during the 3rd quarter valued at about $246,000. Point72 DIFC Ltd purchased a new stake in shares of Life360 during the 2nd quarter valued at about $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Life360 in the 2nd quarter worth approximately $192,000. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Life360 in the second quarter worth approximately $8,098,000.

Life360 Trading Up 3.2 %

NASDAQ:LIF opened at $44.25 on Friday. The firm’s 50-day simple moving average is $39.81. Life360, Inc. has a 52 week low of $26.00 and a 52 week high of $46.12.

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

Insider Activity at Life360

In other news, Director James Synge sold 3,471 shares of Life360 stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $37.34, for a total value of $129,607.14. Following the sale, the director now directly owns 67,102 shares of the company’s stock, valued at approximately $2,505,588.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Life360 news, Director Charles J. Prober sold 40,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the completion of the transaction, the director now owns 106,742 shares in the company, valued at $3,463,777.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Synge sold 3,471 shares of Life360 stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $37.34, for a total transaction of $129,607.14. Following the completion of the transaction, the director now directly owns 67,102 shares of the company’s stock, valued at $2,505,588.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,088 shares of company stock valued at $2,672,781.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LIF. Stifel Nicolaus upped their target price on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, October 28th. Loop Capital upped their price objective on Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JMP Securities lifted their target price on Life360 from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. UBS Group upped their price target on Life360 from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group started coverage on Life360 in a research note on Friday, August 9th. They issued a “buy” rating and a $43.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $41.00.

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.