BofA Securities lifts NortonLifeLock Inc. [NLOK] price estimate. Who else is bullish?

NortonLifeLock Inc. [NASDAQ: NLOK] closed the trading session at $25.75 on 09/23/21. The day’s price range saw the stock hit a low of $24.90, while the highest price level was $25.805. The company report on September 23, 2021 that NOTICE – IMPORTANT SHAREHOLDER INVESTIGATION UPDATE: Brodsky & Smith Reminds Investors of Investigations Related to the Following Companies: NortonLifeLock Inc. (NASDAQ:NLOK), JMP Group LLC (NYSE:JMP), Columbia Property Trust, Inc. (NYSE:CXP).

Brodsky & Smith reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other violations of federal and state law with respect to proposed acquisition transactions.If you own shares of any of the below-referenced stocks and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or calling toll free 855-576-4847. There is no cost or financial obligation to you.

NortonLifeLock Inc. (NASDAQ:NLOK).

The stocks have a year to date performance of 23.92 percent and weekly performance of -0.66 percent. The stock has been moved at 22.33 percent over the last six months. The stock has performed -2.65 percent around the most recent 30 days and changed -5.88 percent over the most recent 3-months.

If compared to the average trading volume of 4.66M shares, NLOK reached to a volume of 3964461 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about NortonLifeLock Inc. [NLOK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NLOK shares is $29.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NLOK stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for NortonLifeLock Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 12, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price to Underperform. The new note on the price target was released on April 13, 2021, representing the official price target for NortonLifeLock Inc. stock. Previously, the target price had yet another raise to $24, while Credit Suisse analysts kept a Neutral rating on NLOK stock.

The Average True Range (ATR) for NortonLifeLock Inc. is set at 0.55, with the Price to Sales ratio for NLOK stock in the period of the last 12 months amounting to 5.76. Price to Free Cash Flow for NLOK in the course of the last twelve months was 34.66 with Quick ratio for the last quarter at 0.80.

NLOK stock trade performance evaluation

NortonLifeLock Inc. [NLOK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.66. With this latest performance, NLOK shares dropped by -2.65% in over the last four-week period, additionally plugging by 22.33% over the last 6 months – not to mention a rise of 26.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NLOK stock in for the last two-week period is set at 45.56, with the RSI for the last a single of trading hit 44.96, and the three-weeks RSI is set at 46.76 for NortonLifeLock Inc. [NLOK]. The present Moving Average for the last 50 days of trading for this stock 25.83, while it was recorded at 25.32 for the last single week of trading, and 23.67 for the last 200 days.

NortonLifeLock Inc. [NLOK]: An insightful look at the core fundamentals

NortonLifeLock Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for NortonLifeLock Inc. [NLOK] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NLOK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NortonLifeLock Inc. go to 14.50%.

NortonLifeLock Inc. [NLOK]: Insider Ownership positions

There are presently around $13,879 million, or 98.80% of NLOK stock, in the hands of institutional investors. The top three institutional holders of NLOK stocks are: CAPITAL WORLD INVESTORS with ownership of 68,557,966, which is approximately 9.263% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 63,167,271 shares of the stock with an approximate value of $1.63 billion in NLOK stocks shares; and BLACKROCK INC., currently with $1.16 billion in NLOK stock with ownership of nearly -5.041% of the company’s market capitalization.

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264 institutional holders increased their position in NortonLifeLock Inc. [NASDAQ:NLOK] by around 64,338,295 shares. Additionally, 262 investors decreased positions by around 55,292,931 shares, while 82 investors held positions by with 419,341,712 shares. The mentioned changes placed institutional holdings at 538,972,938 shares, according to the latest SEC report filing. NLOK stock had 88 new institutional investments in for a total of 23,388,545 shares, while 51 institutional investors sold positions of 3,431,789 shares during the same period.

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