LegalZoom.com (NASDAQ:LZ) Price Target Raised to $12.00

LegalZoom.com (NASDAQ:LZ) had its price target hoisted by JPMorgan Chase & Co. from $11.00 to $12.00 in a research note released on Monday morning, MarketBeat.com reports. The firm currently has an overweight rating on the stock.

LZ has been the subject of several other research reports. William Blair reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Barclays raised their price objective on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, May 15th. Finally, Morgan Stanley increased their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. Two investment 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 MarketBeat.com, LegalZoom.com currently has an average rating of “Hold” and a consensus target price of $8.64.

LegalZoom.com Price Performance

LZ stock opened at $9.43 on Monday. The company has a 50-day moving average of $8.18 and a two-hundred day moving average of $8.36. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 72.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $10.60.

LegalZoom.com (NASDAQ:LZ) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $183.11 million during the quarter, compared to analyst estimates of $176.17 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. Equities analysts expect that LegalZoom.com will post 0.25 EPS for the current fiscal year.

Institutional Trading of LegalZoom.com

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of LegalZoom.com by 14.5% in the 4th quarter. Vanguard Group Inc. now owns 20,271,769 shares of the company’s stock valued at $152,241,000 after buying an additional 2,574,700 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of LegalZoom.com by 7.6% in the 4th quarter. Renaissance Technologies LLC now owns 3,525,142 shares of the company’s stock valued at $26,474,000 after buying an additional 250,409 shares in the last quarter. Ararat Capital Management LP raised its position in shares of LegalZoom.com by 26.6% in the 4th quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company’s stock valued at $24,396,000 after buying an additional 682,678 shares in the last quarter. Franklin Resources Inc. raised its position in shares of LegalZoom.com by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 3,094,594 shares of the company’s stock valued at $23,240,000 after buying an additional 26,607 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of LegalZoom.com by 8.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,186,816 shares of the company’s stock valued at $18,828,000 after buying an additional 166,385 shares in the last quarter. 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.