LifeLock Inc. (LOCK) Sets New 12-Month High After Analyst Upgrade
Shares of LifeLock Inc. (NYSE:LOCK) reached a new 52-week high during mid-day trading on Tuesday after Canaccord Genuity raised their price target on the stock from $21.00 to $23.00. Canaccord Genuity currently has a buy rating on the stock. LifeLock traded as high as $20.16 and last traded at $20.11, with a volume of 1,487,768 shares trading hands. The stock had previously closed at $19.70.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded LifeLock from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, November 8th. Goldman Sachs Group Inc. started coverage on LifeLock in a report on Monday, August 15th. They set a “neutral” rating and a $18.00 target price on the stock. Bank of America Corp. set a $18.00 target price on LifeLock and gave the company a “hold” rating in a report on Wednesday, August 3rd. Needham & Company LLC raised their target price on LifeLock from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Wunderlich raised their target price on LifeLock from $15.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. LifeLock has a consensus rating of “Buy” and a consensus price target of $19.06.
In related news, insider Richard Todd Davis sold 8,100 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $17.21, for a total transaction of $139,401.00. Following the transaction, the insider now directly owns 343,850 shares in the company, valued at $5,917,658.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 13.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in LifeLock by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 8,839,464 shares of the company’s stock worth $139,752,000 after buying an additional 308,944 shares during the last quarter. Vanguard Group Inc. increased its stake in LifeLock by 3.5% in the second quarter. Vanguard Group Inc. now owns 6,072,001 shares of the company’s stock worth $95,998,000 after buying an additional 207,091 shares during the last quarter. Credit Suisse AG increased its stake in LifeLock by 8.3% in the third quarter. Credit Suisse AG now owns 2,420,540 shares of the company’s stock worth $40,956,000 after buying an additional 186,167 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in LifeLock by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,167,725 shares of the company’s stock worth $26,164,000 after buying an additional 8,445 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in LifeLock by 6.6% in the third quarter. BlackRock Fund Advisors now owns 2,158,497 shares of the company’s stock worth $36,522,000 after buying an additional 133,660 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.
The firm’s 50 day moving average price is $17.19 and its 200-day moving average price is $15.70. The company has a market cap of $1.92 billion, a P/E ratio of 106.91 and a beta of 1.11.
LifeLock (NYSE:LOCK) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. LifeLock had a return on equity of 15.05% and a net margin of 2.60%. The business had revenue of $170.29 million for the quarter, compared to analyst estimates of $168.44 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that LifeLock Inc. will post $0.76 EPS for the current fiscal year.
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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