Notable Mover: Could Lifelock Inc See a Reversal After Breaking Its 52-Week High?

Notable Mover: Could Lifelock Inc See a Reversal After Breaking Its 52 Week High?

The stock of Lifelock Inc (NYSE:LOCK) hit a new 52-week high and has $26.04 target or 26.00% above today’s $20.67 share price. The 9 months bullish chart indicates low risk for the $2.02B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $26.04 price target is reached, the company will be worth $525.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 945,233 shares traded hands. Lifelock Inc (NYSE:LOCK) has risen 63.36% since April 15, 2016 and is uptrending. It has outperformed by 58.74% the S&P500.

Lifelock Inc (NYSE:LOCK) Ratings Coverage

Out of 8 analysts covering LifeLock Inc (NYSE:LOCK), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. LifeLock Inc has been the topic of 21 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Canaccord Genuity given on Monday, November 14. As per Wednesday, July 22, the company rating was downgraded by RBC Capital Markets. Needham maintained Lifelock Inc (NYSE:LOCK) on Thursday, February 11 with “Buy” rating. As per Wednesday, July 22, the company rating was downgraded by Wunderlich. Needham maintained the shares of LOCK in a report on Monday, June 20 with “Buy” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, January 21 report. The stock of Lifelock Inc (NYSE:LOCK) earned “Buy” rating by Wunderlich on Thursday, October 29. The stock has “Buy” rating given by Needham on Friday, December 18. As per Thursday, October 29, the company rating was upgraded by Dougherty & Company. Dougherty & Company downgraded the stock to “Neutral” rating in Friday, July 31 report.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.17, from 0.84 in 2016Q1. The ratio is positive, as 22 funds sold all Lifelock Inc shares owned while 49 reduced positions. 30 funds bought stakes while 42 increased positions. They now own 82.90 million shares or 2.14% less from 84.71 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement Sys has 54,191 shares for 0% of their US portfolio. Moreover, Goldman Sachs Gp has 0% invested in Lifelock Inc (NYSE:LOCK) for 87,202 shares. Nordea Inv Mgmt Ab holds 119,134 shares or 0.01% of its portfolio. Comerica Savings Bank owns 71,190 shares or 0.01% of their US portfolio. Da Davidson Commerce last reported 7,496 shares in the company. Moreover, Citadel Advsrs Limited Co has 0% invested in Lifelock Inc (NYSE:LOCK) for 24,609 shares. Northern owns 988,189 shares or 0.01% of their US portfolio. Checchi Cap Advisers Lc holds 21 shares or 0% of its portfolio. Sandy Spring Commercial Bank has 200 shares for 0% of their US portfolio. The Georgia-based Invesco Limited has invested 0% in Lifelock Inc (NYSE:LOCK). Nfc Invests holds 95,045 shares or 0.71% of its portfolio. Gilman Hill Asset Mngmt Ltd Limited Liability Company, a Connecticut-based fund reported 40,017 shares. Schaller Invest has 2.34% invested in the company for 200,000 shares. S&T Bancshares Pa has 1.89 million shares for 4.9% of their US portfolio. Metropolitan Life Ins Ny accumulated 64,130 shares or 0.01% of the stock.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 20 insider sales for $4.27 million net activity. 16,200 Lifelock Inc (NYSE:LOCK) shares with value of $261,225 were sold by Davis Richard Todd. The insider Power Chris G sold 5,000 shares worth $62,500.

Another recent and important Lifelock Inc (NYSE:LOCK) news was published by Schaeffersresearch.com which published an article titled: “Call Players Pounce as Lifelock Inc (LOCK) Leaps on Go-Private Possibility” on November 11, 2016.

LOCK Company Profile

LifeLock, Inc., incorporated on April 12, 2005, is a well-known provider of proactive identity theft protection services for clients and consumer risk management services for enterprises. The Firm monitors certain identity-related events, such as new account openings and credit-related applications. It operates in two divisions: consumer segment and an enterprise segment. The Company’s LifeLock ecosystem combines data repositories of personally identifiable information and consumer transactions, predictive analytics and a technology platform. The Firm applies predictive analytics to the data in its repositories to provide its members and enterprise customers’ actionable intelligence that helps protect against identity theft and identity fraud. The Firm offers its consumer services on a monthly or annual subscription basis.

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