Olympiad Research LP Purchases New Position in LegalZoom.com, Inc. (NASDAQ:LZ)

Olympiad Research LP acquired a new position in LegalZoom.com, Inc. (NASDAQ:LZ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,439 shares of the company’s stock, valued at approximately $78,000.

Other institutional investors have also added to or reduced their stakes in the company. Citizens Financial Group Inc. RI purchased a new position in LegalZoom.com in the third quarter valued at about $3,112,000. Tabor Asset Management LP boosted its holdings in shares of LegalZoom.com by 44.9% in the 3rd quarter. Tabor Asset Management LP now owns 1,522,726 shares of the company’s stock valued at $9,669,000 after buying an additional 472,002 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in shares of LegalZoom.com in the 3rd quarter worth approximately $1,429,000. Barclays PLC raised its stake in shares of LegalZoom.com by 308.5% during the 3rd quarter. Barclays PLC now owns 224,782 shares of the company’s stock worth $1,427,000 after acquiring an additional 169,761 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in LegalZoom.com by 313.2% during the third quarter. Edgestream Partners L.P. now owns 191,857 shares of the company’s stock valued at $1,218,000 after acquiring an additional 145,425 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

LZ has been the topic of several analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. UBS Group started coverage on LegalZoom.com in a research note on Friday, December 6th. They set a “neutral” rating and a $9.00 target price on the stock. JPMorgan Chase & Co. raised their price target on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Barclays boosted their price target on LegalZoom.com from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Morgan Stanley increased their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.06.

LegalZoom.com Stock Up 2.8 %

Shares of NASDAQ LZ opened at $8.91 on Tuesday. LegalZoom.com, Inc. has a 52 week low of $5.33 and a 52 week high of $13.74. The firm has a market cap of $1.54 billion, a P/E ratio of 68.54, a P/E/G ratio of 1.73 and a beta of 1.13. The business’s 50 day moving average price is $8.40 and its 200 day moving average price is $7.53.

LegalZoom.com 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.