The stock of Lifelock Inc (NYSE:LOCK) reached all time high today, Nov, 25 and still has $25.62 target or 7.00% above today’s $23.94 share price. This indicates more upside for the $2.25B company. This technical setup was reported by Barchart.com. If the $25.62 PT is reached, the company will be worth $157.50M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.42% or $0.1 during the last trading session, hitting $23.94. About 1.26M shares traded hands. Lifelock Inc (NYSE:LOCK) has risen 84.23% since April 22, 2016 and is uptrending. It has outperformed by 78.83% the S&P500.
Analysts await Lifelock Inc (NYSE:LOCK) to report earnings on February, 8. They expect $0.40 earnings per share, up 53.85% or $0.14 from last year’s $0.26 per share. LOCK’s profit will be $37.59 million for 14.96 P/E if the $0.40 EPS becomes a reality. After $0.25 actual earnings per share reported by Lifelock Inc for the previous quarter, Wall Street now forecasts 60.00% EPS growth.
Lifelock Inc (NYSE:LOCK) Ratings Coverage
Out of 8 analysts covering LifeLock Inc (NYSE:LOCK), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. LifeLock Inc has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Thursday, February 11, the company rating was maintained by Needham. The rating was maintained by Canaccord Genuity on Monday, November 14 with “Buy”. The rating was upgraded by Wunderlich on Thursday, October 29 to “Buy”. The company was downgraded on Monday, November 21 by Dougherty & Company. Wunderlich maintained Lifelock Inc (NYSE:LOCK) on Thursday, April 28 with “Buy” rating. The rating was downgraded by Wunderlich to “Hold” on Wednesday, July 22. As per Monday, November 21, the company rating was downgraded by Deutsche Bank. As per Thursday, January 21, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by Dougherty & Company given on Friday, July 31. On Wednesday, July 22 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”.
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 1.03 in 2016 Q2. Its up 0.02, from 1.01 in 2016Q1. The ratio increased, 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.
The California-based Fuller Thaler Asset Mgmt has invested 0.13% in Lifelock Inc (NYSE:LOCK). Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Lifelock Inc (NYSE:LOCK) for 3,267 shares. Morgan Stanley reported 194,308 shares or 0% of all its holdings. Force Capital Management Llc accumulated 1.46% or 103,211 shares. Blackrock Fund Advsr has invested 0.01% of its portfolio in Lifelock Inc (NYSE:LOCK). Nfc Investments Limited Com accumulated 0.71% or 95,045 shares. Teacher Retirement Systems Of Texas has 0% invested in the company for 12,234 shares. Comerica Savings Bank holds 0.01% or 71,190 shares in its portfolio. Geode Capital Management Ltd Liability Corporation holds 0% or 560,783 shares in its portfolio. Crosslink Capital Incorporated accumulated 3.56% or 1.25 million shares. Moreover, Tiaa Cref Invest Ltd Liability Corp has 0% invested in Lifelock Inc (NYSE:LOCK) for 348,919 shares. Moreover, Endicott Company has 0.49% invested in Lifelock Inc (NYSE:LOCK) for 85,000 shares. Numeric Invsts, a Massachusetts-based fund reported 20,800 shares. Amer Century holds 0% or 78,718 shares in its portfolio. Us Bank De holds 0% or 2,831 shares in its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 18 selling transactions for $3.93 million net activity. The insider Power Chris G sold 21,000 shares worth $294,320. The insider Davis Richard Todd sold $259,470.
More news for Lifelock Inc (NYSE:LOCK) were recently published by: Ibtimes.com, which released: “Symantec Corp. (SYMC) Buying LifeLock Inc. (LOCK) For $2.3 Billion” on November 21, 2016. Prnewswire.com‘s article titled: “Harwood Feffer LLP Announces Investigation of LifeLock, Inc.” and published on November 21, 2016 is yet another important article.
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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