Today, LifeLock Inc. (LOCK) gets “Hold” status at Needham & Company LLC

Today, LifeLock Inc. (LOCK) gets “Hold” status at Needham & Company LLC
Needham & Company LLC cut shares of LifeLock Inc. (NYSE:LOCK) from a buy rating to a hold rating in a report released on Monday morning.

LOCK has been the topic of several other research reports. Dougherty & Co downgraded LifeLock from a buy rating to a sell rating and set a $24.00 target price on the stock. in a research note on Monday. Bank of America Corp. set a $18.00 target price on LifeLock and gave the company a hold rating in a research note on Wednesday, August 3rd. Wunderlich lifted their target price on LifeLock from $15.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, August 3rd. Goldman Sachs Group Inc. started coverage on LifeLock in a research note on Monday, August 15th. They set a neutral rating and a $18.00 target price on the stock. Finally, Canaccord Genuity lifted their target price on LifeLock from $21.00 to $23.00 and gave the company a buy rating in a research note on Monday, November 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. LifeLock currently has an average rating of Hold and a consensus target price of $20.33.

Shares of LifeLock (NYSE:LOCK) opened at 23.84 on Monday. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 124.82 and a beta of 1.11. The stock’s 50 day moving average price is $18.10 and its 200-day moving average price is $16.14. LifeLock has a 1-year low of $9.14 and a 1-year high of $23.98.

LifeLock (NYSE:LOCK) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by $0.01. LifeLock had a return on equity of 15.05% and a net margin of 2.60%. The company earned $170.29 million during the quarter, compared to the consensus estimate of $168.44 million. During the same period last year, the business earned $0.28 EPS. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that LifeLock will post $0.76 earnings per share for the current year.

In other news, insider Richard Todd Davis sold 8,100 shares of LifeLock stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $16.11, for a total value of $130,491.00. Following the completion of the transaction, the insider now owns 343,850 shares in the company, valued at approximately $5,539,423.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.90% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. boosted its position in shares of 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 worth $26,164,000 after buying an additional 8,445 shares during the period. Renaissance Technologies LLC boosted its position in LifeLock by 287.1% in the first quarter. Renaissance Technologies LLC now owns 1,237,500 shares of the company’s stock worth $14,937,000 after buying an additional 917,800 shares during the last quarter. Fisher Asset Management LLC boosted its position in LifeLock by 2.8% in the second quarter. Fisher Asset Management LLC now owns 326,207 shares of the company’s stock worth $5,216,000 after buying an additional 9,034 shares during the last quarter. Nordea Investment Management AB boosted its position in LifeLock by 18.2% in the second quarter. Nordea Investment Management AB now owns 119,134 shares of the company’s stock worth $1,884,000 after buying an additional 18,317 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its position in LifeLock by 4.2% in the second quarter. Gilman Hill Asset Management LLC now owns 40,017 shares of the company’s stock worth $633,000 after buying an additional 1,615 shares during the last quarter. Hedge funds and other institutional investors own 96.96% of the company’s stock.

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