LifeLock Inc. (NYSE:LOCK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $20.00 price objective on the stock. Zacks Investment Research’s price target indicates a potential downside of 16.46% from the company’s current price.
According to Zacks, “Life Lock, Inc. offers identity theft protection services primarily in the United States. It operates in two segments: consumer segment and an enterprise segment. The company protects consumer subscribers through monitoring identity-related events, such as new account openings and credit-related applications; and enterprise customers through delivering on-demand identity risk and authentication information about consumers. Its customers include financial institutions, telecommunication and cable services providers, government agencies, technology companies, large retailers, automobile and mortgage lenders, and e-commerce providers. Life Lock, Inc. is headquartered in Tempe, Arizona. “
Several other analysts have also recently weighed in on LOCK. Wunderlich lifted their price objective on LifeLock from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Needham & Company LLC lifted their target price on shares of LifeLock from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Bank of America Corp. set a $18.00 target price on shares of LifeLock and gave the company a “hold” rating in a report on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. began coverage on shares of LifeLock in a report on Monday, August 15th. They set a “neutral” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $20.33.
Shares of LifeLock (NYSE:LOCK) traded up 0.42% during trading on Tuesday, reaching $23.94. The company’s stock had a trading volume of 1,255,326 shares. The firm’s 50-day moving average price is $18.33 and its 200-day moving average price is $16.23. LifeLock has a one year low of $9.14 and a one year high of $23.99. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 125.34 and a beta of 1.11.
LifeLock (NYSE:LOCK) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm had revenue of $170.29 million for the quarter, compared to the consensus estimate of $168.44 million. LifeLock had a net margin of 2.60% and a return on equity of 15.05%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts anticipate that LifeLock will post $0.76 earnings per share for the current year.
In other LifeLock news, insider Richard Todd Davis sold 6,000 shares of LifeLock stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $17.03, for a total value of $102,180.00. Following the completion of the sale, the insider now owns 334,907 shares of the company’s stock, valued at approximately $5,703,466.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.90% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in LifeLock during the third quarter worth approximately $109,000. BNP Paribas Arbitrage SA increased its stake in shares of LifeLock by 114.1% in the third quarter. BNP Paribas Arbitrage SA now owns 6,996 shares of the company’s stock worth $118,000 after buying an additional 3,729 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of LifeLock by 3.9% in the third quarter. D.A. Davidson & CO. now owns 7,787 shares of the company’s stock worth $131,000 after buying an additional 291 shares during the last quarter. BlackRock Inc. increased its stake in shares of LifeLock by 33.2% in the second quarter. BlackRock Inc. now owns 8,841 shares of the company’s stock worth $140,000 after buying an additional 2,205 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of LifeLock by 123.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,930 shares of the company’s stock worth $157,000 after buying an additional 5,487 shares during the last quarter. 96.96% of the stock is owned by institutional investors and hedge funds.
LifeLock Company Profile
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.