Trexquant Investment LP Raises Holdings in LegalZoom.com, Inc. (NASDAQ:LZ)

Trexquant Investment LP lifted its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 29.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,580 shares of the company’s stock after buying an additional 63,502 shares during the quarter. Trexquant Investment LP owned approximately 0.16% of LegalZoom.com worth $2,085,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP lifted its holdings in LegalZoom.com by 83.4% during the third quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after buying an additional 3,732 shares during the period. Aigen Investment Management LP purchased a new stake in shares of LegalZoom.com during the 4th quarter worth $76,000. Olympiad Research LP bought a new stake in LegalZoom.com during the fourth quarter valued at about $78,000. Sei Investments Co. bought a new stake in LegalZoom.com during the fourth quarter valued at about $83,000. Finally, Cibc World Markets Corp purchased a new position in LegalZoom.com in the fourth quarter valued at about $90,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of LZ stock opened at $7.31 on Wednesday. LegalZoom.com, Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $13.36. The firm has a market capitalization of $1.29 billion, a PE ratio of 56.24, a P/E/G ratio of 1.73 and a beta of 1.13. The stock’s 50-day simple moving average is $9.10 and its 200-day simple moving average is $8.13.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a report on Tuesday, February 11th. Barclays raised their target price 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. William Blair reaffirmed a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley upped their target price on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.19.

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.