LegalZoom.com, Inc. (NASDAQ:LZ) Given Consensus Rating of “Hold” by Analysts

LegalZoom.com, Inc. (NASDAQ:LZ) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.06.

A number of research firms recently issued reports on LZ. Barclays increased their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research report on Tuesday, February 11th. UBS Group started coverage on LegalZoom.com in a research report on Friday, December 6th. They set a “neutral” rating and a $9.00 price target on the stock. Citigroup increased their price objective on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th.

LegalZoom.com Trading Up 2.8 %

Shares of LegalZoom.com stock opened at $8.91 on Tuesday. The company’s fifty day simple moving average is $8.40 and its two-hundred day simple moving average is $7.53. LegalZoom.com has a 12-month low of $5.33 and a 12-month high of $13.74. The company has a market cap of $1.54 billion, a P/E ratio of 68.54, a PEG ratio of 1.73 and a beta of 1.13.

Institutional Trading of LegalZoom.com

Several institutional investors have recently bought and sold shares of LZ. Vanguard Group Inc. boosted its stake in LegalZoom.com by 14.5% during the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock valued at $152,241,000 after purchasing an additional 2,574,700 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of LegalZoom.com by 7.6% during the fourth quarter. Renaissance Technologies LLC now owns 3,525,142 shares of the company’s stock valued at $26,474,000 after purchasing an additional 250,409 shares in the last quarter. Ararat Capital Management LP boosted its position in shares of LegalZoom.com by 26.6% during the fourth quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company’s stock valued at $24,396,000 after buying an additional 682,678 shares during the last quarter. Franklin Resources Inc. increased its holdings in LegalZoom.com by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company’s stock worth $23,240,000 after buying an additional 26,607 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in LegalZoom.com by 30.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,020,431 shares of the company’s stock worth $15,173,000 after buying an additional 471,338 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Company Profile

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.