Stock Traders Buy High Volume of Call Options on NortonLifeLock (NASDAQ:NLOK)

NortonLifeLock Inc. (NASDAQ:NLOK) saw some unusual options trading activity on Monday. Stock traders acquired 77,257 call options on the stock. This represents an increase of approximately 2,115% compared to the typical volume of 3,488 call options.

NLOK stock opened at $24.99 on Tuesday. NortonLifeLock has a fifty-two week low of $17.42 and a fifty-two week high of $26.07. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $15.51 billion, a P/E ratio of 21.36, a PEG ratio of 12.27 and a beta of 1.29.

NortonLifeLock (NASDAQ:NLOK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. NortonLifeLock had a return on equity of 12.82% and a net margin of 21.39%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. On average, equities research analysts forecast that NortonLifeLock will post 0.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, November 22nd. NortonLifeLock’s payout ratio is 42.74%.

NLOK has been the topic of a number of research reports. Zacks Investment Research downgraded shares of NortonLifeLock from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Mizuho began coverage on shares of NortonLifeLock in a report on Wednesday, November 6th. They issued a “buy” rating for the company. Credit Suisse Group initiated coverage on shares of NortonLifeLock in a research note on Wednesday, November 27th. They issued a “neutral” rating and a $26.00 price target for the company. Barclays initiated coverage on shares of NortonLifeLock in a report on Wednesday, November 6th. They set an “equal weight” rating on the stock. Finally, Royal Bank of Canada assumed coverage on shares of NortonLifeLock in a report on Friday, November 8th. They set a “sector perform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. NortonLifeLock has a consensus rating of “Hold” and an average price target of $26.00.

An institutional investor recently bought a new position in NortonLifeLock stock. Public Employees Retirement System of Ohio purchased a new stake in shares of NortonLifeLock Inc. (NASDAQ:NLOK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 196,581 shares of the company’s stock, valued at approximately $4,645,000. Institutional investors own 84.12% of the company’s stock.

NortonLifeLock Company Profile

NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.

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