Nicole Miller Sells 23,506 Shares of LegalZoom.com (NASDAQ:LZ) Stock

LegalZoom.com, Inc. (NASDAQ:LZ) insider Nicole Miller sold 23,506 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $9.63, for a total value of $226,362.78. Following the completion of the transaction, the insider owned 868,627 shares in the company, valued at approximately $8,364,878.01. This represents a 2.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

LegalZoom.com Stock Performance

NASDAQ:LZ traded down $0.31 on Tuesday, hitting $9.41. 2,155,663 shares of the stock were exchanged, compared to its average volume of 2,144,628. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 78.42, a P/E/G ratio of 3.50 and a beta of 1.23. LegalZoom.com, Inc. has a 52 week low of $6.47 and a 52 week high of $12.40. The company’s 50-day moving average price is $10.29 and its 200 day moving average price is $9.70.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in shares of LegalZoom.com during the first quarter worth $29,000. Exchange Traded Concepts LLC bought a new stake in LegalZoom.com in the 3rd quarter valued at $34,000. Parkside Financial Bank & Trust acquired a new position in LegalZoom.com in the 3rd quarter worth $40,000. Clearstead Advisors LLC boosted its stake in LegalZoom.com by 58.5% in the 3rd quarter. Clearstead Advisors LLC now owns 3,906 shares of the company’s stock worth $41,000 after purchasing an additional 1,441 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in LegalZoom.com by 477.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock worth $41,000 after purchasing an additional 3,766 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

LZ has been the topic of a number of analyst reports. William Blair raised LegalZoom.com from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LegalZoom.com in a research note on Monday. Wall Street Zen lowered LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. JPMorgan Chase & Co. boosted their target price on LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Bank of America raised LegalZoom.com from an “underperform” rating to a “buy” rating and upped their price target for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.33.

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.