LifeLock Inc. (LOCK) Downgraded to “Sell” at Dougherty & Co
LifeLock Inc. (NYSE:LOCK) was downgraded by Dougherty & Co from a “buy” rating to a “sell” rating in a note issued to investors on Monday.
LOCK has been the topic of a number of other research reports. Zacks Investment Research raised LifeLock from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, November 8th. Canaccord Genuity lifted their target price on LifeLock from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 14th. Wunderlich lifted their target price on LifeLock from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. initiated coverage on LifeLock in a report on Monday, August 15th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, Bank of America Corp. set a $18.00 target price on LifeLock and gave the stock a “hold” rating in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.06.
LifeLock (NYSE:LOCK) traded up 15.42% during trading on Monday, hitting $23.95. The stock had a trading volume of 11,292,303 shares. The firm’s 50 day moving average is $17.50 and its 200 day moving average is $15.84. LifeLock has a 1-year low of $9.14 and a 1-year high of $23.98. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 125.39 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 firm earned $170.29 million during the quarter, compared to the consensus estimate of $168.44 million. During the same period in the prior year, the firm posted $0.28 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that LifeLock will post $0.76 earnings per share for the current year.
In other news, insider Richard Todd Davis sold 8,100 shares of LifeLock stock in a transaction on 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 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 accessible through this link. Insiders own 13.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of LOCK. D.A. Davidson & CO. increased its position in shares of LifeLock by 3.9% in the third quarter. D.A. Davidson & CO. now owns 7,787 shares of the company’s stock worth $131,000 after buying an additional 291 shares in the last quarter. LPL Financial LLC acquired a new position in shares of LifeLock during the third quarter worth $307,000. Credit Suisse AG increased its position in shares of 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 in the last quarter. Jane Street Group LLC increased its position in shares of LifeLock by 103.7% in the third quarter. Jane Street Group LLC now owns 17,936 shares of the company’s stock worth $303,000 after buying an additional 502,384 shares in the last quarter. Finally, Force Capital Management LLC acquired a new position in shares of LifeLock during the third quarter worth $1,746,000. Institutional investors and hedge funds own 96.96% of the company’s stock.
LifeLock Company Profile
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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