LifeLock Inc. (NYSE:LOCK) had its target price raised by stock analysts at Canaccord Genuity from $21.00 to $23.00 in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 20.29% from the company’s previous close.

LOCK has been the subject of a number of other reports. Zacks Investment Research cut shares of LifeLock from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Goldman Sachs Group Inc. started coverage on shares of LifeLock in a research note on Monday, August 15th. They set a “neutral” rating and a $18.00 price target on the stock. Needham & Company LLC boosted their price target on shares of LifeLock from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Bank of America Corp. set a $18.00 price target on shares of LifeLock and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Finally, Wunderlich boosted their price target on shares of LifeLock from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $19.06.

Analyst Recommendations for LifeLock (NYSE:LOCK)

Shares of LifeLock (NYSE:LOCK) opened at 19.12 on Monday. The stock’s 50 day moving average price is $17.01 and its 200-day moving average price is $15.54. LifeLock has a 52-week low of $9.14 and a 52-week high of $20.03. The firm has a market capitalization of $1.76 billion, a PE ratio of 100.10 and a beta of 1.11.

LifeLock (NYSE:LOCK) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. LifeLock had a net margin of 2.60% and a return on equity of 15.05%. The company earned $170.29 million during the quarter, compared to analysts’ expectations of $168.44 million. During the same period last year, the firm earned $0.28 earnings per share. LifeLock’s revenue was up 12.1% on a year-over-year basis. Equities research analysts anticipate that LifeLock will post $0.76 EPS for the current fiscal year.

In other news, insider Richard Todd Davis sold 8,100 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $17.21, for a total value of $139,401.00. Following the sale, the insider now directly owns 343,850 shares in the company, valued at $5,917,658.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.90% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in LifeLock by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 14,169 shares of the company’s stock valued at $225,000 after buying an additional 101 shares during the last quarter. Principal Financial Group Inc. raised its stake in LifeLock by 1.1% in the third quarter. Principal Financial Group Inc. now owns 11,435 shares of the company’s stock worth $193,000 after buying an additional 127 shares during the last quarter. BlackRock Inc. raised its stake in LifeLock by 2.0% in the third quarter. BlackRock Inc. now owns 9,017 shares of the company’s stock worth $152,000 after buying an additional 176 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in LifeLock by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 54,191 shares of the company’s stock worth $857,000 after buying an additional 200 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in LifeLock by 1.1% in the second quarter. Royal Bank of Canada now owns 33,607 shares of the company’s stock worth $531,000 after buying an additional 350 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

About LifeLock

LifeLock, Inc provides proactive identity theft protection services for consumers and consumer risk management services for enterprises. The Company monitors certain identity-related events, such as new account openings and credit-related applications. It operates in two segments: consumer segment and an enterprise segment.

5 Day Chart for NYSE:LOCK

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