LifeLock Inc. (LOCK) Lowered to “Hold” at Deutsche Bank AG
Deutsche Bank AG cut shares of LifeLock Inc. (NYSE:LOCK) from a buy rating to a hold rating in a report released on Monday morning. The brokerage currently has $24.00 price objective on the stock, up from their previous price objective of $22.00.
Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC cut LifeLock from a buy rating to a hold rating in a research report on Monday. Dougherty & Co cut LifeLock from a buy rating to a sell rating and set a $24.00 target price for the company. in a research report on Monday. Canaccord Genuity raised their target price on LifeLock from $21.00 to $23.00 and gave the stock a buy rating in a research report on Monday, November 14th. Zacks Investment Research raised LifeLock from a hold rating to a buy rating and set a $20.00 target price for the company in a research report on Tuesday, November 8th. Finally, Goldman Sachs Group Inc. began coverage on LifeLock in a research report on Monday, August 15th. They issued a neutral rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $20.33.
Shares of LifeLock (NYSE:LOCK) opened at 23.81 on Monday. The company has a 50-day moving average of $17.69 and a 200 day moving average of $15.99. The firm has a market cap of $2.24 billion, a P/E ratio of 124.66 and a beta of 1.11. LifeLock has a 12-month low of $9.14 and a 12-month high of $23.98.
LifeLock (NYSE:LOCK) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.01. LifeLock had a net margin of 2.60% and a return on equity of 15.05%. The business 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 company posted $0.28 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. Equities analysts predict that LifeLock will post $0.76 EPS for the current year.
In related news, insider Richard Todd Davis sold 5,200 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $18.05, for a total value of $93,860.00. Following the transaction, the insider now owns 333,681 shares in the company, valued at $6,022,942.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.90% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of LOCK. BlackRock Institutional Trust Company N.A. boosted its position in shares of 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 period. Renaissance Technologies LLC boosted its position in shares of LifeLock by 287.1% in the first quarter. Renaissance Technologies LLC now owns 1,237,500 shares of the company’s stock worth $14,937,000 after buying an additional 917,800 shares during the period. Fisher Asset Management LLC boosted its position in shares of LifeLock by 2.8% in the second quarter. Fisher Asset Management LLC now owns 326,207 shares of the company’s stock worth $5,216,000 after buying an additional 9,034 shares during the period. Nordea Investment Management AB boosted its position in shares of LifeLock by 18.2% in the second quarter. Nordea Investment Management AB now owns 119,134 shares of the company’s stock worth $1,884,000 after buying an additional 18,317 shares during the period. Finally, Gilman Hill Asset Management LLC boosted its position in shares of LifeLock by 4.2% in the second quarter. Gilman Hill Asset Management LLC now owns 40,017 shares of the company’s stock worth $633,000 after buying an additional 1,615 shares during the period. Hedge funds and other institutional investors own 96.96% of the company’s stock.
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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