LifeLock PT Raised to $21.00 (LOCK)
Equities researchers at Canaccord Genuity hoisted their target price on shares of LifeLock (NASDAQ:LOCK) from $19.00 to $21.00 in a research report issued on Tuesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 13.51% from the stock’s previous close.
Shares of LifeLock (NASDAQ:LOCK) traded up 5.77% during mid-day trading on Tuesday, hitting $18.50. 2,692,742 shares of the company’s stock traded hands. LifeLock has a 52-week low of $8.24 and a 52-week high of $18.83. The stock has a 50-day moving average of $16.49 and a 200-day moving average of $14.31. The company has a market cap of $1.673 billion and a price-to-earnings ratio of 2915.00.
LifeLock (NASDAQ:LOCK) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.02. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $93.30 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 32.7% on a year-over-year basis. On average, analysts predict that LifeLock will post $0.37 earnings per share for the current fiscal year.
In other LifeLock news, CEO Richard Todd Davis sold 12,000 shares of the company’s stock on the open market in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $16.43, for a total transaction of $197,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of LifeLock from $20.00 to $22.00 in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock.
LifeLock, Inc is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises.
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