LegalZoom.com, Inc. (NASDAQ:LZ) Short Interest Update

LegalZoom.com, Inc. (NASDAQ:LZ) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 6,400,000 shares, an increase of 19.0% from the March 15th total of 5,380,000 shares. Based on an average trading volume of 2,160,000 shares, the short-interest ratio is currently 3.0 days. Approximately 5.6% of the company’s stock are sold short.

Analyst Ratings Changes

LZ has been the topic of several research reports. William Blair reissued a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, February 27th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Friday, April 11th. Morgan Stanley cut their price objective on shares of LegalZoom.com from $10.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Barclays upped their target price on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LegalZoom.com has a consensus rating of “Hold” and a consensus price target of $9.06.

LegalZoom.com Stock Down 4.8 %

LZ traded down $0.33 on Monday, hitting $6.61. The company had a trading volume of 2,064,137 shares, compared to its average volume of 1,818,736. LegalZoom.com has a 12-month low of $5.33 and a 12-month high of $12.55. The business’s fifty day simple moving average is $8.76 and its 200 day simple moving average is $8.18. The company has a market cap of $1.16 billion, a PE ratio of 50.85, a PEG ratio of 1.73 and a beta of 1.13.

Hedge Funds Weigh In On LegalZoom.com

Several large investors have recently modified their holdings of the stock. Mariner LLC increased its position in LegalZoom.com by 5.6% during the fourth quarter. Mariner LLC now owns 44,638 shares of the company’s stock valued at $335,000 after acquiring an additional 2,348 shares during the last quarter. State of Wyoming lifted its stake in LegalZoom.com by 42.1% in the fourth quarter. State of Wyoming now owns 8,347 shares of the company’s stock worth $63,000 after purchasing an additional 2,475 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of LegalZoom.com by 6.8% during the fourth quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock valued at $552,000 after buying an additional 4,697 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of LegalZoom.com by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 65,240 shares of the company’s stock valued at $490,000 after buying an additional 5,045 shares during the last quarter. Finally, Walleye Trading LLC raised its holdings in shares of LegalZoom.com by 33.2% in the fourth quarter. Walleye Trading LLC now owns 21,090 shares of the company’s stock worth $158,000 after buying an additional 5,252 shares during the period. Institutional investors own 81.99% of the company’s stock.

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.