Force Capital Management adds Lifelock Inc (LOCK) to its portfolio

Lifelock Inc (LOCK) : Force Capital Management added new position in Lifelock Inc during the most recent quarter end. The investment management firm now holds 92,411 shares of Lifelock Inc which is valued at $1,576,532 , the company said in a statement filed on Aug 15, 2016 with the SEC.Lifelock Inc makes up approximately 1.19% of Force Capital Management’s portfolio.

Other Hedge Funds, Including , Wasatch Advisors Inc boosted its stake in LOCK in the latest quarter, The investment management firm added 1,102 additional shares and now holds a total of 1,400,550 shares of Lifelock Inc which is valued at $23,893,383. Lifelock Inc makes up approx 0.35% of Wasatch Advisors Inc’s portfolio.Spark Investment Management reduced its stake in LOCK by selling 334,100 shares or 92.14% in the most recent quarter. The Hedge Fund company now holds 28,500 shares of LOCK which is valued at $486,210. Lifelock Inc makes up approx 0.04% of Spark Investment Management’s portfolio. Cipher Capital Lp added LOCK to its portfolio by purchasing 52,469 company shares during the most recent quarter which is valued at $895,121. Lifelock Inc makes up approx 0.06% of Cipher Capital Lp’s portfolio.Tower Research Capital (trc) boosted its stake in LOCK in the latest quarter, The investment management firm added 5,487 additional shares and now holds a total of 9,930 shares of Lifelock Inc which is valued at $169,406. Lifelock Inc makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.First Trust Advisors Lp boosted its stake in LOCK in the latest quarter, The investment management firm added 36,016 additional shares and now holds a total of 259,154 shares of Lifelock Inc which is valued at $4,322,689. Lifelock Inc makes up approx 0.01% of First Trust Advisors Lp’s portfolio.

Lifelock Inc opened for trading at $16.61 and hit $16.94 on the upside on Thursday, eventually ending the session at $16.88, with a gain of 1.44% or 0.24 points. The heightened volatility saw the trading volume jump to 8,89,084 shares. Company has a market cap of $1,563 M.

On the company’s financial health, Lifelock Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.04. The company had revenue of $164.44 million for the quarter, compared to analysts expectations of $163.25 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Lifelock Inc. Goldman Initiated Lifelock Inc on Aug 15, 2016 to “Neutral”, Price Target of the shares are set at $18.Company shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $15 .Company shares were Reiterated by Needham on Jun 20, 2016 to “Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .

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.

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