PNC Financial Services Group Inc. boosted its stake in shares of LifeLock Inc. (NYSE:LOCK) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 14,169 shares of the company’s stock after buying an additional 101 shares during the period. PNC Financial Services Group Inc.’s holdings in LifeLock were worth $225,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of LOCK. Envestnet Asset Management Inc. increased its stake in shares of LifeLock by 27.3% in the first quarter. Envestnet Asset Management Inc. now owns 8,467 shares of the company’s stock valued at $102,000 after buying an additional 1,815 shares in the last quarter. Legal & General Group Plc increased its position in LifeLock by 22.2% in the first quarter. Legal & General Group Plc now owns 14,111 shares of the company’s stock valued at $167,000 after buying an additional 2,567 shares during the period. Bank of Montreal Can acquired a new position in LifeLock during the second quarter valued at $301,000. Princeton Alpha Management LP acquired a new position in LifeLock during the second quarter valued at $303,000. Finally, Gilman Hill Asset Management LLC increased its position in LifeLock by 4.2% in the second quarter. Gilman Hill Asset Management LLC now owns 40,017 shares of the company’s stock valued at $633,000 after buying an additional 1,615 shares during the period. 98.22% of the stock is currently owned by institutional investors.
LifeLock Inc. (NYSE:LOCK) traded down 1.95% during midday trading on Monday, hitting $16.59. The stock had a trading volume of 435,727 shares. The company’s 50-day moving average price is $16.62 and its 200 day moving average price is $14.50. LifeLock Inc. has a 12-month low of $8.95 and a 12-month high of $17.35. The stock’s market cap is $1.54 billion.
LifeLock (NYSE:LOCK) last issued its earnings results on Tuesday, August 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $164.40 million for the quarter, compared to analysts’ expectations of $163.25 million. LifeLock had a positive return on equity of 13.64% and a negative net margin of 9.91%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. On average, equities research analysts predict that LifeLock Inc. will post $0.77 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on LOCK shares. Zacks Investment Research upgraded LifeLock from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Saturday, August 6th. Goldman Sachs Group Inc. started coverage on LifeLock in a research report on Monday, August 15th. They set a “neutral” rating and a $18.00 target price on the stock. Needham & Company LLC increased their target price on LifeLock from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, June 20th. Bank of America Corp. set a $18.00 target price on LifeLock and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Finally, Wunderlich increased their target price on LifeLock from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.09.
In other news, Vice Chairman Richard Todd Davis sold 16,200 shares of LifeLock stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $16.13, for a total transaction of $261,306.00. Following the transaction, the insider now owns 343,850 shares in the company, valued at $5,546,300.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Chris G. Power sold 16,000 shares of LifeLock stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $15.76, for a total value of $252,160.00. Following the transaction, the chief financial officer now owns 198,385 shares in the company, valued at approximately $3,126,547.60. The disclosure for this sale can be found here. 13.90% of the stock is owned by corporate insiders.
LifeLock Company Profile
LifeLock, Inc provides proactive identity theft protection services for consumers and consumer risk management services for enterprises. The Company monitors certain identity-related events, such as new account openings and credit-related applications. It operates in two segments: consumer segment and an enterprise segment.
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