LegalZoom.com, Inc. (NASDAQ:LZ) Receives Average Recommendation of “Hold” from Analysts

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $14.36.

A number of brokerages have recently commented on LZ. Raymond James began coverage on LegalZoom.com in a research report on Wednesday, March 27th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. boosted their price target on LegalZoom.com from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. JMP Securities reissued a “market outperform” rating and issued a $14.00 price target on shares of LegalZoom.com in a research report on Friday, April 12th. Finally, Barclays dropped their price target on LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th.

Insider Transactions at LegalZoom.com

In other news, EVP Nicole Miller sold 24,557 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $9.75, for a total value of $239,430.75. Following the completion of the sale, the executive vice president now directly owns 208,641 shares in the company, valued at approximately $2,034,249.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other LegalZoom.com news, Director John Francis Murphy sold 10,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the sale, the director now owns 40,507 shares in the company, valued at approximately $505,122.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Nicole Miller sold 24,557 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $9.75, for a total value of $239,430.75. Following the completion of the sale, the executive vice president now owns 208,641 shares of the company’s stock, valued at approximately $2,034,249.75. The disclosure for this sale can be found here. Insiders sold 60,555 shares of company stock worth $664,688 in the last three months. Corporate insiders own 44.60% of the company’s stock.

Institutional Investors Weigh In On LegalZoom.com

A number of institutional investors have recently bought and sold shares of the business. Technology Crossover Management IX Ltd. increased its holdings in shares of LegalZoom.com by 14.6% in the fourth quarter. Technology Crossover Management IX Ltd. now owns 16,396,313 shares of the company’s stock worth $185,278,000 after purchasing an additional 2,094,240 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of LegalZoom.com by 21.4% in the fourth quarter. Vanguard Group Inc. now owns 15,777,144 shares of the company’s stock worth $178,282,000 after purchasing an additional 2,777,206 shares during the last quarter. Hawk Ridge Capital Management LP increased its holdings in shares of LegalZoom.com by 2.4% in the fourth quarter. Hawk Ridge Capital Management LP now owns 5,734,353 shares of the company’s stock worth $64,798,000 after purchasing an additional 135,517 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of LegalZoom.com by 166.0% in the third quarter. Blair William & Co. IL now owns 3,476,226 shares of the company’s stock worth $38,030,000 after purchasing an additional 2,169,132 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of LegalZoom.com by 83.0% in the third quarter. Boston Partners now owns 3,315,845 shares of the company’s stock worth $35,877,000 after purchasing an additional 1,504,152 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

LegalZoom.com Price Performance

Shares of NASDAQ:LZ opened at $12.17 on Wednesday. LegalZoom.com has a 1 year low of $6.89 and a 1 year high of $15.68. The company has a market cap of $2.29 billion, a PE ratio of 152.14, a P/E/G ratio of 4.11 and a beta of 1.23. The stock’s 50-day moving average is $12.46 and its 200 day moving average is $11.40.

LegalZoom.com (NASDAQ:LZ) last posted its earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. LegalZoom.com had a return on equity of 15.79% and a net margin of 2.11%. The firm had revenue of $158.66 million for the quarter, compared to the consensus estimate of $156.25 million. Analysts expect that LegalZoom.com will post 0.3 EPS for the current fiscal year.

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.