Deer Vi buys $96.4 Million stake in Lifelock Inc (LOCK)

Lifelock Inc (LOCK) : Deer Vi scooped up 2,210,335 additional shares in Lifelock Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 8,376,022 shares of Lifelock Inc which is valued at $96.4 Million.Lifelock Inc makes up approximately 99.38% of Deer Vi’s portfolio.

Other Hedge Funds, Including , Cavalry Management Group sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 72,120 shares of LOCK which is valued $830,101.Ubs Asset Management Americas Inc reduced its stake in LOCK by selling 18,986 shares or 36.81% in the most recent quarter. The Hedge Fund company now holds 32,599 shares of LOCK which is valued at $375,214. Pacad Investment Ltd. sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 85,636 shares of LOCK which is valued $975,394.

Lifelock Inc opened for trading at $12.84 and hit $13.03 on the upside on Wednesday, eventually ending the session at $12.98, with a gain of 1.64% or 0.21 points. The heightened volatility saw the trading volume jump to 9,92,690 shares. Company has a market cap of $1,221 M.

On the company’s financial health, Lifelock Inc reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.07. The company had revenue of $159.27 million for the quarter, compared to analysts expectations of $157.21 million. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Many Wall Street Analysts have commented on Lifelock Inc. Shares were Reiterated by Wunderlich on Apr 28, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $18 .

LifeLock Inc. is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises. It operates in two segments: consumer segment which offers offer identity theft protection services to consumers on a monthly or annual subscription basis and an enterprise segment which offers consumer risk management services to enterprise customers who pay it based on the monthly volume of transactions with the Company. As of December 31 2014 the Company served approximately 3.6 million paying members. As of December 31 2014 the Company served over 300 enterprise customers. The Company offers the LifeLock Wallet mobile application which allows consumers to replicate and store a digital copy of the personal wallet contents on smart device for records backup as well as mobile use of items such as credit identification ATM (automated teller machine) insurance and loyalty cards.

Leave a Reply

Lifelock Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Lifelock Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.