Lifelock Price Target Lowered to $23.00 at RBC Capital (LOCK)
RBC Capital dropped their price target on shares of Lifelock (NASDAQ:LOCK) from $27.00 to $23.00 in a research note issued on Wednesday, American Banking News reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 60.06% from the company’s current price.
Shares of Lifelock (NASDAQ:LOCK) traded down 0.96% on Wednesday, hitting $14.37. The stock had a trading volume of 2,875,814 shares. Lifelock has a 52 week low of $9.27 and a 52 week high of $22.85. The stock’s 50-day moving average is $17.02 and its 200-day moving average is $17.56. The company has a market cap of $1.320 billion and a price-to-earnings ratio of 26.38.
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. Analysts expect that Lifelock will post $0.46 EPS for the current fiscal year.
In other Lifelock news, CFO Chris G. Power sold 5,000 shares of the stock on the open market in a transaction dated Thursday, May 1st. The stock was sold at an average price of $15.13, for a total value of $75,650.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Pacific Crest reiterated an “outperform” rating on shares of Lifelock in a research note on Monday, April 14th. They now have a $20.00 price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of Lifelock to a “buy” rating in a research note on Thursday, March 13th. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Lifelock in a research note on Thursday, February 20th. They now have a $24.00 price target on the stock, up previously from $20.00. Seven equities research analysts have rated the stock with a buy rating, Lifelock presently has a consensus rating of “Buy” and a consensus price target of $22.60.
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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