LifeLock Inc. (NYSE:LOCK) Receives Consensus Recommendation of “Buy” from Analysts
Shares of LifeLock Inc. (NYSE:LOCK) have been given a consensus recommendation of “Buy” by the twelve research firms that are presently covering the stock. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.40.
Several brokerages have commented on LOCK. Wunderlich boosted their target price on shares of LifeLock from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Bank of America Corp. set a $18.00 price target on LifeLock and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Needham & Company LLC lifted their price target on LifeLock from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Goldman Sachs Group Inc. began coverage on LifeLock in a research note on Monday, August 15th. They set a “neutral” rating and a $18.00 price target for the company. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of LifeLock in a research note on Thursday, May 26th.
Shares of LifeLock (NYSE:LOCK) traded down 0.06% on Tuesday, reaching $16.18. 250,765 shares of the company’s stock traded hands. LifeLock has a 52 week low of $8.36 and a 52 week high of $17.35. The stock’s market capitalization is $1.50 billion. The stock’s 50-day moving average price is $16.56 and its 200-day moving average price is $14.21.
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LifeLock (NYSE:LOCK) last issued its earnings results on Tuesday, August 2nd. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $164.40 million for the quarter, compared to analyst estimates of $163.25 million. LifeLock had a negative net margin of 9.91% and a positive return on equity of 13.64%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Equities analysts predict that LifeLock will post $0.77 EPS for the current year.
In other LifeLock news, CFO Chris G. Power sold 16,000 shares of LifeLock stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $15.76, for a total value of $252,160.00. Following the completion of the sale, the chief financial officer now owns 198,385 shares in the company, valued at approximately $3,126,547.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Chris G. Power sold 17,500 shares of LifeLock stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $16.01, for a total value of $280,175.00. Following the completion of the sale, the chief financial officer now owns 196,385 shares of the company’s stock, valued at approximately $3,144,123.85. The disclosure for this sale can be found here. 13.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Okumus Fund Management Ltd. boosted its stake in LifeLock by 1.2% in the first quarter. Okumus Fund Management Ltd. now owns 9,177,954 shares of the company’s stock valued at $110,778,000 after buying an additional 108,833 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in LifeLock by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,167,725 shares of the company’s stock valued at $26,164,000 after buying an additional 8,445 shares during the period. Quantitative Investment Management LLC boosted its stake in LifeLock by 231.2% in the second quarter. Quantitative Investment Management LLC now owns 93,400 shares of the company’s stock valued at $1,476,000 after buying an additional 65,200 shares during the period. Nuveen Asset Management LLC boosted its stake in LifeLock by 3.5% in the first quarter. Nuveen Asset Management LLC now owns 928,404 shares of the company’s stock valued at $11,206,000 after buying an additional 31,203 shares during the period. Finally, Norges Bank acquired a new stake in LifeLock during the fourth quarter valued at approximately $21,238,000. Institutional investors own 98.22% of the company’s stock.
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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