Noel Bertram Watson Sells 27,319 Shares of LegalZoom.com (NASDAQ:LZ) Stock

LegalZoom.com, Inc. (NASDAQ:LZ) CFO Noel Bertram Watson sold 27,319 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.07, for a total value of $302,421.33. Following the completion of the transaction, the chief financial officer directly owned 1,676,426 shares in the company, valued at $18,558,035.82. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Noel Bertram Watson also recently made the following trade(s):

• On Friday, August 22nd, Noel Bertram Watson sold 18,136 shares of LegalZoom.com stock. The stock was sold at an average price of $11.03, for a total value of $200,040.08.
• On Monday, August 18th, Noel Bertram Watson sold 15,000 shares of LegalZoom.com stock. The stock was sold at an average price of $10.81, for a total value of $162,150.00.

LegalZoom.com Stock Up 1.2%

NASDAQ LZ opened at $11.18 on Thursday. The stock’s 50-day moving average price is $9.42 and its 200-day moving average price is $8.94. LegalZoom.com, Inc. has a 52 week low of $6.16 and a 52 week high of $11.93. The company has a market capitalization of $2.02 billion, a P/E ratio of 69.88, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.The firm had revenue of $192.51 million for the quarter, compared to the consensus estimate of $182.49 million. During the same quarter last year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

LZ has been the topic of several recent research reports. Bank of America raised LegalZoom.com from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $8.00 to $12.00 in a research note on Friday, August 8th. Morgan Stanley lifted their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, May 9th. Citigroup lifted their target price on LegalZoom.com from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday. Barclays lifted their target price on LegalZoom.com from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Finally, JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.50.

Institutional Trading of LegalZoom.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans purchased a new position in LegalZoom.com during the 2nd quarter valued at approximately $133,000. State of Wyoming grew its holdings in LegalZoom.com by 112.4% during the 2nd quarter. State of Wyoming now owns 50,351 shares of the company’s stock valued at $449,000 after buying an additional 26,644 shares in the last quarter. Caxton Associates LLP grew its holdings in LegalZoom.com by 147.0% during the 2nd quarter. Caxton Associates LLP now owns 110,895 shares of the company’s stock valued at $988,000 after buying an additional 65,994 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in LegalZoom.com by 299.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 21,266 shares of the company’s stock valued at $189,000 after buying an additional 15,947 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in LegalZoom.com by 179.5% during the 2nd quarter. Captrust Financial Advisors now owns 55,888 shares of the company’s stock valued at $498,000 after buying an additional 35,894 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

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.