LifeLock Inc. (LOCK) Stock Rating Lowered by Canaccord Genuity
LifeLock Inc. (NYSE:LOCK) was downgraded by equities research analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a research report issued on Tuesday. They presently have a $24.00 price objective on the stock, up from their prior price objective of $23.00. Canaccord Genuity’s price target suggests a potential upside of 0.67% from the company’s current price.
Several other analysts have also recently commented on LOCK. Bank of America Corp. set a $18.00 price target on shares of LifeLock and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of LifeLock from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Saturday, August 6th. Needham & Company LLC raised their price target on shares of LifeLock from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Deutsche Bank AG cut shares of LifeLock from a “buy” rating to a “hold” rating and raised their price target for the stock from $22.00 to $24.00 in a report on Monday. Finally, Wunderlich lifted their target price on shares of LifeLock from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $20.33.
Shares of LifeLock (NYSE:LOCK) opened at 23.84 on Tuesday. The company’s 50-day moving average is $18.10 and its 200-day moving average is $16.14. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 124.82 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 results on Tuesday, November 1st. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by $0.01. The company had revenue of $170.29 million for the quarter, compared to analyst estimates of $168.44 million. LifeLock had a return on equity of 15.05% and a net margin of 2.60%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. On average, equities analysts forecast that LifeLock will post $0.76 earnings per share for the current fiscal year.
In other news, insider Richard Todd Davis sold 5,200 shares of LifeLock stock in a transaction that occurred on Thursday, November 10th. The shares were 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 of the company’s stock, valued at $6,022,942.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.90% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Credit Suisse AG raised its position in shares of LifeLock by 4,312.3% in the second quarter. Credit Suisse AG now owns 2,234,373 shares of the company’s stock worth $35,325,000 after buying an additional 2,183,733 shares during the period. Renaissance Technologies LLC raised 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. Jane Street Group LLC raised 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 during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of LifeLock during the second quarter worth about $7,633,000. Finally, Old Mutual Global Investors UK Ltd. raised its position in shares of LifeLock by 117.1% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 780,662 shares of the company’s stock worth $13,208,000 after buying an additional 421,053 shares during the period. 96.96% of the stock is currently owned by institutional investors and hedge funds.
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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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