Notable Runner: Will Lifelock Inc Run Out of Steam Soon?

Notable Runner: Will Lifelock Inc Run Out of Steam Soon?

The stock of Lifelock Inc (NYSE:LOCK) hit a new 52-week high and has $21.22 target or 21.00% above today’s $17.54 share price. The 9 months bullish chart indicates low risk for the $1.69 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $21.22 price target is reached, the company will be worth $354.90 million 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 823,608 shares traded hands. Lifelock Inc (NYSE:LOCK) has risen 36.39% since April 5, 2016 and is uptrending. It has outperformed by 34.43% 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 20 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded Lifelock Inc (NYSE:LOCK) on Wednesday, July 22 to “Sector Perform” rating. The stock of Lifelock Inc (NYSE:LOCK) has “Neutral” rating given on Thursday, July 30 by Bank of America. Needham initiated Lifelock Inc (NYSE:LOCK) on Friday, December 18 with “Buy” rating. Pacific Crest downgraded Lifelock Inc (NYSE:LOCK) rating on Wednesday, July 22. Pacific Crest has “Sector Perform” rating and $18 price target. The stock has “Buy” rating given by Dougherty & Company on Thursday, October 29. The stock has “Buy” rating given by Wunderlich on Thursday, April 28. Wunderlich downgraded Lifelock Inc (NYSE:LOCK) on Wednesday, July 22 to “Hold” rating. The company was upgraded on Thursday, October 29 by Wunderlich. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, January 21. Needham maintained it with “Buy” rating and $16 target price in Thursday, February 11 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.
Moreover, Blackrock Fund has 0.01% invested in Lifelock Inc (NYSE:LOCK) for 2.02 million shares. Principal Financial Gru has 0% invested in the company for 11,308 shares. First Trust L P has invested 0.01% of its portfolio in Lifelock Inc (NYSE:LOCK). 13D Management Ltd reported 553,792 shares or 3.6% of all its holdings. Clearline Limited Partnership accumulated 74,416 shares or 0.23% of the stock. Wellington Management Gp Llp accumulated 0% or 969,334 shares. Moreover, Group Inc One Trading Lp has 0.01% invested in Lifelock Inc (NYSE:LOCK) for 41,174 shares. The Michigan-based Comerica National Bank & Trust has invested 0.01% in Lifelock Inc (NYSE:LOCK). Royal Savings Bank Of Canada holds 33,607 shares or 0% of its portfolio. Thompson Siegel & Walmsley Ltd Limited Liability Company accumulated 1.41M shares or 0.35% of the stock. Rhumbline Advisers reported 88,290 shares or 0% of all its holdings. New York State Common Retirement Fund holds 215,037 shares or 0% of its portfolio. Moreover, Goldman Sachs Grp Inc has 0% invested in Lifelock Inc (NYSE:LOCK) for 87,202 shares. American Century Companies reported 78,718 shares or 0% of all its holdings. Moreover, Metropolitan Life Insurance Ny has 0.01% invested in Lifelock Inc (NYSE:LOCK) for 64,130 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 18 sales for $3.32 million net activity. Power Chris G had sold 21,000 shares worth $294,320. Davis Richard Todd had sold 16,200 shares worth $261,225.

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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