Ion Asset Management Ltd. adds Lifelock Inc (LOCK) to its portfolio

Lifelock Inc (LOCK) : Ion Asset Management Ltd. added new position in Lifelock Inc during the most recent quarter end. The investment management firm now holds 65,350 shares of Lifelock Inc which is valued at $1,114,871 , the company said in a statement filed on Aug 15, 2016 with the SEC.Lifelock Inc makes up approximately 0.51% of Ion Asset Management Ltd.’s portfolio.

Other Hedge Funds, Including , Force Capital Management added LOCK to its portfolio by purchasing 92,411 company shares during the most recent quarter which is valued at $1,576,532. Lifelock Inc makes up approx 1.19% of Force Capital Management’s portfolio.Proshare Advisors reduced its stake in LOCK by selling 1,211 shares or 10.48% in the most recent quarter. The Hedge Fund company now holds 10,341 shares of LOCK which is valued at $176,417. Raymond James Associates sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 20,401 shares of LOCK which is valued $348,041. Finemark National Bank Trust sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 1,700 shares of LOCK which is valued $28,951. Granite Point Capital Management sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 252,945 shares of LOCK which is valued $4,219,123.

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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