Price Action Don’t Lie: Lifelock Inc on Focus After Trading At 52-Week Highs

Price Action Don't Lie: Lifelock Inc on Focus After Trading At 52 Week Highs

The stock of Lifelock Inc (NYSE:LOCK) hit a new 52-week high and has $25.38 target or 6.00% above today’s $23.94 share price. The 5 months bullish chart indicates low risk for the $2.25 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $25.38 price target is reached, the company will be worth $135.00M 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. The stock increased 0.42% or $0.1 on November 25, hitting $23.94. About 1.17M 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. The firm has “Buy” rating by Needham given on Monday, June 20. Dougherty & Company downgraded it to “Sell” rating and $24 target price in Monday, November 21 report. The rating was maintained by Needham with “Buy” on Thursday, February 11. The firm earned “Sector Perform” rating on Wednesday, July 22 by Pacific Crest. The rating was downgraded by Bank of America to “Neutral” on Thursday, July 30. The stock of Lifelock Inc (NYSE:LOCK) has “Hold” rating given on Wednesday, July 22 by Wunderlich. The firm earned “Buy” rating on Thursday, October 29 by Dougherty & Company. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, July 22. The stock of Lifelock Inc (NYSE:LOCK) has “Buy” rating given on Thursday, October 29 by Wunderlich. On Thursday, April 28 the stock rating was maintained by Wunderlich with “Buy”.

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 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.
Engineers Gate Manager Lp accumulated 0.2% or 180,638 shares. Old Mutual Global (Uk) Ltd reported 359,609 shares or 0.11% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 1,763 shares in the company. Van Cleef Asset Managementinc holds 2.06% or 377,566 shares in its portfolio. Nokota Limited Partnership has invested 1.95% of its portfolio in Lifelock Inc (NYSE:LOCK). Nelson Van Denburg Campbell Wealth Mgmt holds 0% of its portfolio in Lifelock Inc (NYSE:LOCK) for 500 shares. The New York-based Hap Trading Limited Company has invested 0.04% in Lifelock Inc (NYSE:LOCK). S&T State Bank Pa holds 4.9% or 1.89 million shares in its portfolio. Pnc Ser Group accumulated 14,169 shares or 0% of the stock. Menta Cap Limited Liability Company last reported 39,802 shares in the company. Renaissance Techs Ltd Liability owns 982,900 shares or 0.03% of their US portfolio. Nuveen Asset, a Illinois-based fund reported 908,649 shares. Capital Impact Advsrs Lc holds 0.6% or 81,161 shares in its portfolio. The New Jersey-based Princeton Alpha Management Ltd Partnership has invested 0.05% in Lifelock Inc (NYSE:LOCK). Brown Brothers Harriman accumulated 4.10M shares or 0.34% of the stock.

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 18 sales for $3.93 million net activity. Davis Richard Todd sold $286,416 worth of stock or 16,200 shares. Shares for $280,115 were sold by Power Chris G on Friday, July 8.

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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