Lifelock Inc (LOCK) : Prospect Capital Advisors added new position in Lifelock Inc during the most recent quarter end. The investment management firm now holds 286,000 shares of Lifelock Inc which is valued at $4,879,160 , the company said in a statement filed on Aug 15, 2016 with the SEC.Lifelock Inc makes up approximately 4.00% of Prospect Capital Advisors’s portfolio.
Other Hedge Funds, Including , Okumus Fund Management Ltd. reduced its stake in LOCK by selling 3,816,189 shares or 41.58% in the most recent quarter. The Hedge Fund company now holds 5,361,765 shares of LOCK which is valued at $91,471,711. Lifelock Inc makes up approx 14.64% of Okumus Fund Management Ltd.’s portfolio. Cupps Capital Management sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 163 shares of LOCK which is valued $2,781. Kerrisdale Advisers sold out all of its stake in LOCK during the most recent quarter. The investment firm sold 767,156 shares of LOCK which is valued $13,087,681. Quadrant Capital Group added LOCK to its portfolio by purchasing 810 company shares during the most recent quarter which is valued at $13,551. Lifelock Inc makes up approx 0.01% of Quadrant Capital Group’s portfolio.
Lifelock Inc closed down -0.13 points or -0.79% at $16.29 with 1,033,262 shares getting traded on Wednesday. Post opening the session at $16.38, the shares hit an intraday low of $16.27 and an intraday high of $16.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.