LegalZoom.com, Inc. (NASDAQ:LZ) Given Average Recommendation of “Hold” by Brokerages

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have received an average rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $8.81.

Several research firms recently weighed in on LZ. JPMorgan Chase & Co. raised shares of LegalZoom.com from an “underweight” rating to an “overweight” rating and raised their target price for the company from $8.00 to $9.00 in a research note on Monday, January 13th. Morgan Stanley boosted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Barclays lifted their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Citigroup upped their price objective on LegalZoom.com from $7.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, UBS Group initiated coverage on LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 target price on the stock.

LegalZoom.com Trading Up 2.8 %

LegalZoom.com stock opened at $9.25 on Friday. LegalZoom.com has a 1-year low of $5.33 and a 1-year high of $13.74. The company has a fifty day simple moving average of $8.00 and a 200 day simple moving average of $7.17. The company has a market cap of $1.60 billion, a P/E ratio of 71.16, a price-to-earnings-growth ratio of 1.58 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The business had revenue of $168.60 million for the quarter, compared to the consensus estimate of $167.66 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. LegalZoom.com’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that LegalZoom.com will post 0.25 EPS for the current year.

Institutional Trading of LegalZoom.com

A number of institutional investors have recently modified their holdings of LZ. Quarry LP raised its stake in LegalZoom.com by 318.9% in the second quarter. Quarry LP now owns 4,474 shares of the company’s stock valued at $38,000 after purchasing an additional 3,406 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in LegalZoom.com by 179.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock valued at $39,000 after buying an additional 3,919 shares during the period. Wexford Capital LP bought a new stake in shares of LegalZoom.com during the 3rd quarter worth approximately $64,000. Point72 DIFC Ltd acquired a new stake in shares of LegalZoom.com during the 2nd quarter worth approximately $71,000. Finally, Creative Planning bought a new position in LegalZoom.com in the third quarter valued at approximately $72,000. 81.99% of the stock is currently owned by institutional investors.

About LegalZoom.com

LegalZoom.com, Inc, together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States. The company’s platform offers business formation products, such as limited liability company, incorporation of C and S corporations, nonprofit formations, doing-business-as, corporate changes and filings, business licenses, legal forms, and beneficial ownership information reports; intellectual property products consisting of trademark and patent applications, and copyright registrations; and tax services, including business and personal tax preparations.