Monograph Wealth Advisors LLC Grows Stake in Life360, Inc. (NASDAQ:LIF)
Monograph Wealth Advisors LLC increased its stake in Life360, Inc. (NASDAQ:LIF) by 56.1% in Q4, owning 101,234 shares after purchasing 36,400 shares. Life360 represents 0.6% of their portfolio. Other institutional investors also increased their positions. Insider selling included Director John Philip Coghlan and CFO Russell John Burke. Life360's stock opened at $60.89, with a market cap of $4.66 billion. Analysts have set price targets between $48.00 and $70.00, with a consensus rating of "Buy."
Monograph Wealth Advisors LLC increased its position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 56.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,234 shares of the company's stock after purchasing an additional 36,400 shares during the quarter. Life360 accounts for 0.6% of Monograph Wealth Advisors LLC's investment portfolio, making the stock its 26th biggest holding. Monograph Wealth Advisors LLC owned approximately 0.14% of Life360 worth $4,178,000 at the end of the most recent quarter.
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A number of other institutional investors also recently bought and sold shares of LIF. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Life360 in the fourth quarter valued at about $5,090,000. Voloridge Investment Management LLC acquired a new position in shares of Life360 during the 4th quarter worth approximately $1,902,000. Squarepoint Ops LLC lifted its stake in Life360 by 303.8% in the 4th quarter. Squarepoint Ops LLC now owns 36,388 shares of the company's stock valued at $1,502,000 after buying an additional 27,376 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Life360 during the 4th quarter valued at $341,000. Finally, Nuveen Asset Management LLC increased its position in Life360 by 19.0% during the fourth quarter. Nuveen Asset Management LLC now owns 232,537 shares of the company's stock worth $9,597,000 after buying an additional 37,091 shares in the last quarter. 20.00% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $37.86, for a total value of $118,312.50. Following the transaction, the director now directly owns 34,286 shares in the company, valued at $1,298,067.96. This trade represents a 8.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $43.60, for a total value of $135,334.40. Following the completion of the transaction, the chief financial officer now directly owns 142,546 shares in the company, valued at $6,215,005.60. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 173,881 shares of company stock valued at $7,220,851. Insiders own 8.00% of the company's stock.
Life360 Trading Up 0.9%
NASDAQ LIF opened at $60.89 on Wednesday. The business's 50-day moving average price is $41.68 and its 200 day moving average price is $43.37. Life360, Inc. has a twelve month low of $26.00 and a twelve month high of $62.64. The company has a market capitalization of $4.66 billion and a PE ratio of 676.56.
Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.09. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The company had revenue of $103.62 million during the quarter, compared to the consensus estimate of $101.48 million. Equities analysts predict that Life360, Inc. will post -0.17 EPS for the current year.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Loop Capital upped their price objective on Life360 from $52.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. UBS Group upped their target price on shares of Life360 from $55.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Stifel Nicolaus lowered their price target on shares of Life360 from $52.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Canaccord Genuity Group boosted their price objective on shares of Life360 from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $51.00.
Check Out Our Latest Analysis on Life360
About Life360
(Free Report)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.
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