LegalZoom.com, Inc. (NASDAQ:LZ) Receives $8.25 Average PT from Analysts

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have received a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $8.25.

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of LegalZoom.com in a research report on Thursday, July 2nd. Wall Street Zen raised LegalZoom.com from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. UBS Group lowered their target price on LegalZoom.com from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Citigroup dropped their price target on LegalZoom.com from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. cut their price target on LegalZoom.com from $11.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, June 24th.

LegalZoom.com Stock Up 0.1%

LZ opened at $7.87 on Tuesday. LegalZoom.com has a twelve month low of $5.22 and a twelve month high of $12.40. The company has a fifty day moving average of $6.65 and a 200-day moving average of $6.80. The stock has a market cap of $1.35 billion, a PE ratio of 131.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.31.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Wednesday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $206.78 million during the quarter, compared to analyst estimates of $202.14 million. LegalZoom.com had a net margin of 1.46% and a return on equity of 11.53%. LegalZoom.com’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS. Sell-side analysts anticipate that LegalZoom.com will post 0.32 EPS for the current fiscal year.

Insider Activity at LegalZoom.com

In related news, insider Nicole Miller sold 19,199 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $6.58, for a total transaction of $126,329.42. Following the transaction, the insider owned 1,119,222 shares in the company, valued at $7,364,480.76. The trade was a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeffrey M. Stibel bought 125,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $6.15 per share, for a total transaction of $768,750.00. Following the completion of the purchase, the chief executive officer owned 2,955,609 shares of the company’s stock, valued at $18,176,995.35. This represents a 4.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 7.40% of the stock is owned by corporate insiders.

Institutional Trading of LegalZoom.com

Several large investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in LegalZoom.com during the 4th quarter worth approximately $185,000. Amundi acquired a new stake in LegalZoom.com in the first quarter valued at approximately $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LegalZoom.com by 3.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company’s stock valued at $646,000 after acquiring an additional 2,161 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of LegalZoom.com by 9.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,313,429 shares of the company’s stock valued at $11,309,000 after acquiring an additional 113,769 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of LegalZoom.com by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 275,978 shares of the company’s stock valued at $2,376,000 after acquiring an additional 4,607 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

LegalZoom.com Company Profile

LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.

Founded in 2001 by entrepreneurs Brian Lee, Brian P.