Lifelock Inc (LOCK) is Reiterated by Needham to Buy, Raises Price Target to $ 18

Lifelock Inc (LOCK) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 18 from a previous price target of $16 . Needham advised their investors in a research report released on Jun 20, 2016.

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 .

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.

Lifelock Inc opened for trading at $15.19 and hit $16 on the upside on Friday, eventually ending the session at $15.43, with a gain of 2.46% or 0.37 points. The heightened volatility saw the trading volume jump to 64,80,993 shares. Company has a market cap of $1,452 M.

In a different news, on Jun 16, 2016, Richard Todd Davis (EXECUTIVE VICE CHAIRMAN) sold 22,000 shares at $14.75 per share price. According to the SEC, on Jun 9, 2016, Chris G Power (CHIEF FINANCIAL OFFICER) sold 21,000 shares at $14.05 per share price. On Jun 3, 2016, David J/ca Cowan (director) sold 0 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Lifelock Inc

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