JPMorgan Chase & Co. Boosts LegalZoom.com (NASDAQ:LZ) Price Target to $11.00

LegalZoom.com (NASDAQ:LZ) had its price objective boosted by analysts at JPMorgan Chase & Co. from $9.00 to $11.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 19.18% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. UBS Group began coverage on LegalZoom.com in a report on Friday, December 6th. They set a “neutral” rating and a $9.00 price target on the stock. Citigroup upped their price target on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Barclays lifted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Morgan Stanley raised their target price on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Finally, JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research note on Friday, January 31st. 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. According to MarketBeat.com, LegalZoom.com currently has an average rating of “Hold” and a consensus target price of $9.06.

LegalZoom.com Price Performance

Shares of LZ stock opened at $9.23 on Tuesday. LegalZoom.com has a one year low of $5.33 and a one year high of $13.74. The company’s fifty day moving average price is $8.26 and its 200-day moving average price is $7.36. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 71.01, a PEG ratio of 1.76 and a beta of 1.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC boosted its stake in LegalZoom.com by 16.2% during the third quarter. nVerses Capital LLC now owns 15,800 shares of the company’s stock worth $100,000 after buying an additional 2,200 shares during the period. Quarry LP lifted its holdings in shares of LegalZoom.com by 83.4% in the 3rd quarter. Quarry LP now owns 8,206 shares of the company’s stock worth $52,000 after acquiring an additional 3,732 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of LegalZoom.com by 179.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,099 shares of the company’s stock worth $39,000 after purchasing an additional 3,919 shares during the period. Summit Trail Advisors LLC grew its holdings in LegalZoom.com by 6.8% during the 4th quarter. Summit Trail Advisors LLC now owns 73,531 shares of the company’s stock valued at $552,000 after purchasing an additional 4,697 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in LegalZoom.com by 40.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 25,400 shares of the company’s stock worth $161,000 after purchasing an additional 7,300 shares during the period. Hedge funds and other 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.