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LifeLock (NASDAQ:LOCK)‘s stock had its “buy” rating restated by Bank of America in a research note issued on Thursday, reports. They currently have a $24.00 price objective on the stock, up from their previous price objective of $20.00. Bank of America’s target price would indicate a potential upside of 8.45% from the company’s current price.

The analysts wrote, “LOCK reported a strong 4Q13 with beats across the board. Quarterly revenue crossed the $100mn mark for the first time at $102mn (+30% Y/Y) vs our / consensus ests of $100mn; however, the real surprise came from the 246k gross new members (GNMs) added during the quarter, far above our est of 194k, and the new members came with a +11% Y/Y ARPU increase and only a +6% increase in CAC. This strength translated into strong FY14 guidance with revenue at $455-465mn (vs. our / consensus ests at $438mn / $446mn).”

LifeLock (NASDAQ:LOCK) traded down 2.85% during mid-day trading on Thursday, hitting $21.50. The stock had a trading volume of 1,218,499 shares. LifeLock has a 1-year low of $8.31 and a 1-year high of $22.85. The stock’s 50-day moving average is $19.40 and its 200-day moving average is $15.90. The company has a market cap of $1.945 billion and a P/E ratio of 3688.33.

LifeLock (NASDAQ:LOCK) last announced its earnings results on Wednesday, February 19th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $102.30 million for the quarter, compared to the consensus estimate of $100.30 million. On average, analysts predict that LifeLock will post $0.44 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of LifeLock from $26.00 to $27.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of LifeLock to $26.00 in a research note on Thursday. Finally, analysts at RBC Capital raised their price target on shares of LifeLock from $18.00 to $25.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, LifeLock presently has an average rating of “Buy” and a consensus price target of $24.80.

In other LifeLock news, CFO Chris Power sold 5,000 shares of LifeLock stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $22.57, for a total transaction of $112,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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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