79,992 Shares in LegalZoom.com, Inc. (NASDAQ:LZ) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in LegalZoom.com, Inc. (NASDAQ:LZ) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 79,992 shares of the company’s stock, valued at approximately $508,000.

Several other institutional investors have also recently bought and sold shares of LZ. Westwood Holdings Group Inc. grew its stake in shares of LegalZoom.com by 15.8% during the second quarter. Westwood Holdings Group Inc. now owns 5,581,315 shares of the company’s stock valued at $46,827,000 after purchasing an additional 762,612 shares during the last quarter. Renaissance Technologies LLC raised its holdings in LegalZoom.com by 26.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,466,933 shares of the company’s stock worth $20,698,000 after purchasing an additional 521,200 shares during the last quarter. Coastal Bridge Advisors LLC raised its holdings in LegalZoom.com by 10.2% during the 2nd quarter. Coastal Bridge Advisors LLC now owns 1,996,558 shares of the company’s stock worth $16,751,000 after purchasing an additional 184,696 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in LegalZoom.com by 25.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,287,927 shares of the company’s stock valued at $10,806,000 after purchasing an additional 262,335 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of LegalZoom.com by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,197,833 shares of the company’s stock worth $7,606,000 after buying an additional 32,085 shares during the period. Institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LZ. William Blair assumed coverage on shares of LegalZoom.com in a research note on Monday, September 16th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. restated an “underweight” rating and issued a $8.00 price target on shares of LegalZoom.com in a research report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a report on Friday, September 13th. Citigroup raised their target price on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Barclays upped their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.75.

LegalZoom.com Stock Performance

Shares of LZ opened at $7.96 on Wednesday. The stock has a 50 day simple moving average of $7.26 and a 200 day simple moving average of $7.23. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $13.74. The firm has a market capitalization of $1.38 billion, a PE ratio of 61.24, a P/E/G ratio of 1.79 and a beta of 1.10.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $168.60 million during the quarter, compared to analysts’ expectations of $167.66 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Equities research analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

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.