LegalZoom.com (NASDAQ:LZ) CFO Noel Bertram Watson Sells 15,000 Shares

LegalZoom.com, Inc. (NASDAQ:LZ) CFO Noel Bertram Watson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $9.56, for a total transaction of $143,400.00. Following the completion of the transaction, the chief financial officer directly owned 1,551,582 shares of the company’s stock, valued at approximately $14,833,123.92. The trade was a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, August 25th, Noel Bertram Watson sold 27,319 shares of LegalZoom.com stock. The stock was sold at an average price of $11.07, for a total transaction of $302,421.33.
• 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 transaction of $200,040.08.

LegalZoom.com Stock Down 3.2%

NASDAQ LZ opened at $9.41 on Wednesday. LegalZoom.com, Inc. has a twelve month low of $6.47 and a twelve month high of $12.40. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 78.42, a price-to-earnings-growth ratio of 3.40 and a beta of 1.23. The business’s fifty day moving average is $10.27 and its 200 day moving average is $9.71.

LegalZoom.com (NASDAQ:LZ) last issued its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). LegalZoom.com had a return on equity of 9.91% and a net margin of 3.05%.The firm had revenue of $190.16 million during the quarter, compared to analyst estimates of $183.27 million. During the same period in the previous year, the company earned $0.17 EPS. LegalZoom.com’s revenue for the quarter was up 12.8% on a year-over-year basis. LegalZoom.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on LZ. JPMorgan Chase & Co. lifted their target price on shares of LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Weiss Ratings reissued a “hold (c)” rating on shares of LegalZoom.com in a research note on Monday. Citigroup raised their target price on LegalZoom.com from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Barclays increased their price target on LegalZoom.com from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Finally, Morgan Stanley raised their price objective on LegalZoom.com from $8.50 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, November 13th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, LegalZoom.com currently has an average rating of “Hold” and a consensus target price of $11.33.

Institutional Investors Weigh In On LegalZoom.com

Large investors have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC lifted its holdings in shares of LegalZoom.com by 2.8% in the second quarter. EP Wealth Advisors LLC now owns 41,352 shares of the company’s stock valued at $368,000 after purchasing an additional 1,139 shares in the last quarter. Clearstead Advisors LLC grew its holdings in LegalZoom.com by 58.5% during the third quarter. Clearstead Advisors LLC now owns 3,906 shares of the company’s stock worth $41,000 after buying an additional 1,441 shares in the last quarter. Prelude Capital Management LLC raised its position in LegalZoom.com by 11.6% in the 3rd quarter. Prelude Capital Management LLC now owns 14,185 shares of the company’s stock valued at $147,000 after buying an additional 1,470 shares during the last quarter. Avory & Company LLC raised its position in LegalZoom.com by 0.4% in the 3rd quarter. Avory & Company LLC now owns 376,419 shares of the company’s stock valued at $3,907,000 after buying an additional 1,586 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in LegalZoom.com by 2.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 75,394 shares of the company’s stock valued at $783,000 after acquiring an additional 1,657 shares in the last quarter. Institutional investors and hedge funds 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.