Genesee Valley Trust Co Lowers stake in Lifelock Inc (LOCK)

Lifelock Inc (LOCK) : Genesee Valley Trust Co reduced its stake in Lifelock Inc by 8.95% during the most recent quarter end. The investment management company now holds a total of 55,346 shares of Lifelock Inc which is valued at $939,775 after selling 5,439 shares in Lifelock Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Lifelock Inc makes up approximately 0.61% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , Atria Investments added LOCK to its portfolio by purchasing 11,874 company shares during the most recent quarter which is valued at $201,621. Lifelock Inc makes up approx 0.02% of Atria Investments’s portfolio.Cutler Group Lp boosted its stake in LOCK in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 1,000 shares of Lifelock Inc which is valued at $17,160.Bnp Paribas Arbitrage Sa boosted its stake in LOCK in the latest quarter, The investment management firm added 3,729 additional shares and now holds a total of 6,996 shares of Lifelock Inc which is valued at $117,253.

Lifelock Inc closed down -0.18 points or -1.05% at $16.98 with 9,85,334 shares getting traded on Tuesday. Post opening the session at $17.16, the shares hit an intraday low of $16.885 and an intraday high of $17.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 .

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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