LifeLock Inc. (LOCK) Price Target Raised to $23.00 at Canaccord Genuity
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.
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.
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.
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