Lifelock Given New $16.00 Price Target at Pacific Crest (LOCK)
Equities research analysts at Pacific Crest lowered their price objective on shares of Lifelock (NASDAQ:LOCK) from $20.00 to $16.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Pacific Crest’s price target suggests a potential upside of 41.72% from the stock’s previous close.
The analysts wrote, “Our confidence in LOCK’s execution has ticked down on the mobile app issue. We recommend owners stick with it on risk/reward. While we have a positive bias on the regulatory and legal outcomes, we need clarity before advising new positions in LOCK.”
In other Lifelock news, CFO Chris Power sold 4,000 shares of Lifelock stock on the open market in a transaction dated Friday, May 16th. The shares were sold at an average price of $13.00, for a total transaction of $52,000.00. Following the completion of the sale, the chief financial officer now directly owns 23,333 shares in the company, valued at approximately $303,329. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Lifelock (NASDAQ:LOCK) traded down 2.29% on Friday, hitting $11.0312. The stock had a trading volume of 128,760 shares. Lifelock has a 52 week low of $10.12 and a 52 week high of $22.85. The stock has a 50-day moving average of $14.48 and a 200-day moving average of $17.34. The company has a market cap of $1.019 billion and a P/E ratio of 21.30.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lifelock in a research note on Tuesday. They now have a $30.00 price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Lifelock from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $12.50 price target on the stock, down previously from $25.00. Finally, analysts at TheStreet downgraded shares of Lifelock from a “hold” rating to a “sell” rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $21.64.
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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