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.

Analyst Recommendations for LifeLock (NYSE:LOCK)

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.

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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