LifeLock Inc. (LOCK) Downgraded by Needham & Company LLC
LifeLock Inc. (NYSE:LOCK) was downgraded by stock analysts at Needham & Company LLC from a “buy” rating to a “hold” rating in a research report issued on Monday.
A number of other research analysts have also issued reports on the stock. Dougherty & Co lowered shares of LifeLock from a “buy” rating to a “sell” rating in a report on Monday. Bank of America Corp. set a $18.00 price objective on shares of LifeLock and gave the company a “hold” rating in a report on Wednesday, August 3rd. Wunderlich raised their price objective on shares of LifeLock from $15.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. initiated coverage on shares of LifeLock in a report on Monday, August 15th. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, Canaccord Genuity raised their price objective on shares of LifeLock from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. LifeLock presently has a consensus rating of “Hold” and a consensus target price of $19.06.
Shares of LifeLock (NYSE:LOCK) traded up 15.23% on Monday, reaching $23.91. 14,064,200 shares of the company were exchanged. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 125.18 and a beta of 1.11. The company’s 50-day moving average price is $17.50 and its 200 day moving average price is $15.84. LifeLock has a 12 month low of $9.14 and a 12 month high of $23.98.
LifeLock (NYSE:LOCK) last posted its earnings results on Tuesday, November 1st. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The company earned $170.29 million during the quarter, compared to the consensus estimate of $168.44 million. LifeLock had a return on equity of 15.05% and a net margin of 2.60%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. On average, equities research analysts expect that LifeLock will post $0.76 EPS for the current year.
In other news, insider Richard Todd Davis sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $17.03, for a total transaction of $35,763.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of LifeLock by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 8,839,464 shares of the company’s stock valued at $139,752,000 after buying an additional 308,944 shares during the period. 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 valued at $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 valued at $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 valued at $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 valued at $36,522,000 after buying an additional 133,660 shares during the last quarter. 96.96% of the stock is 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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