The stock of Lifelock Inc (NYSE:LOCK) is a huge mover today! About 1.68M shares traded hands or 19.15% up from the average. Lifelock Inc (NYSE:LOCK) has risen 59.64% since April 13, 2016 and is uptrending. It has outperformed by 55.72% the S&P500.
The move comes after 6 months positive chart setup for the $1.98B company. It was reported on Nov, 15 by Barchart.com. We have $31.78 PT which if reached, will make NYSE:LOCK worth $1.11 billion more.
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 company was maintained on Thursday, January 21 by RBC Capital Markets. The stock of Lifelock Inc (NYSE:LOCK) earned “Buy” rating by Dougherty & Company on Thursday, October 29. Wunderlich downgraded the stock to “Hold” rating in Wednesday, July 22 report. Wunderlich maintained Lifelock Inc (NYSE:LOCK) on Thursday, April 28 with “Buy” rating. The firm earned “Neutral” rating on Friday, July 31 by Dougherty & Company. Wunderlich upgraded the stock to “Buy” rating in Thursday, October 29 report. Bank of America downgraded Lifelock Inc (NYSE:LOCK) on Thursday, July 30 to “Neutral” rating. The rating was maintained by Needham with “Buy” on Thursday, February 11. The stock has “Buy” rating given by Canaccord Genuity on Monday, November 14. Needham initiated Lifelock Inc (NYSE:LOCK) rating on Friday, December 18. Needham has “Buy” rating and $17 price target.
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 2016 Q2. Its up 0.17, from 0.84 in 2016Q1. The ratio improved, 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.
California Employees Retirement Systems last reported 201,900 shares in the company. Citigroup holds 0% or 4,318 shares in its portfolio. Principal Finance Grp accumulated 11,308 shares or 0% of the stock. Proshare Advsr accumulated 10,341 shares or 0% of the stock. Endicott Mgmt Com last reported 0.49% of its portfolio in the stock. Swiss Comml Bank holds 0% or 151,400 shares in its portfolio. Portolan Management Lc owns 486,186 shares or 1.11% of their US portfolio. Paloma Prtn Mngmt Company last reported 0.01% of its portfolio in the stock. The Minnesota-based Ameriprise has invested 0.08% in Lifelock Inc (NYSE:LOCK). Clearbridge Investments holds 0.05% of its portfolio in Lifelock Inc (NYSE:LOCK) for 2.47 million shares. Paw Corp accumulated 200,000 shares or 3.62% of the stock. Van Cleef Asset Managementinc holds 2.06% of its portfolio in Lifelock Inc (NYSE:LOCK) for 377,566 shares. Panagora Asset Mgmt, a Massachusetts-based fund reported 101,030 shares. Comerica Financial Bank holds 71,190 shares or 0.01% of its portfolio. Vanguard has invested 0.01% of its portfolio in Lifelock Inc (NYSE:LOCK).
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 19 sales for $3.44 million net activity. $252,080 worth of Lifelock Inc (NYSE:LOCK) was sold by Power Chris G on Tuesday, July 5. 8,100 Lifelock Inc (NYSE:LOCK) shares with value of $134,622 were sold by Davis Richard Todd.
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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