LegalZoom.com, Inc. (NASDAQ:LZ) Receives Average Rating of “Hold” from Analysts

LegalZoom.com, Inc. (NASDAQ:LZ) has been assigned an average rating of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $8.81.

A number of research firms recently weighed in on LZ. Morgan Stanley raised their price target on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Citigroup upped their price target on shares of LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Barclays raised 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. JPMorgan Chase & Co. upgraded shares of LegalZoom.com from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $8.00 to $9.00 in a research report on Monday, January 13th. Finally, UBS Group assumed coverage on shares of LegalZoom.com in a report on Friday, December 6th. They issued a “neutral” rating and a $9.00 price target for the company.

Hedge Funds Weigh In On LegalZoom.com

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of LegalZoom.com by 308.5% in the 3rd quarter. Barclays PLC now owns 224,782 shares of the company’s stock valued at $1,427,000 after buying an additional 169,761 shares in the last quarter. Coastal Bridge Advisors LLC grew its stake in LegalZoom.com by 10.2% in the second quarter. Coastal Bridge Advisors LLC now owns 1,996,558 shares of the company’s stock valued at $16,751,000 after acquiring an additional 184,696 shares during the period. Mainstream Capital Management LLC bought a new stake in shares of LegalZoom.com in the third quarter worth about $1,429,000. JPMorgan Chase & Co. raised its position in shares of LegalZoom.com by 14.4% during the third quarter. JPMorgan Chase & Co. now owns 567,675 shares of the company’s stock worth $3,605,000 after purchasing an additional 71,291 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of LegalZoom.com by 97.2% during the 3rd quarter. Victory Capital Management Inc. now owns 129,775 shares of the company’s stock valued at $824,000 after purchasing an additional 63,980 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Trading Up 3.4 %

LZ stock opened at $8.56 on Friday. LegalZoom.com has a 1-year low of $5.33 and a 1-year high of $13.74. The business’s 50 day moving average is $7.92 and its 200-day moving average is $7.12. The firm has a market cap of $1.48 billion, a P/E ratio of 65.85, a P/E/G ratio of 1.64 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 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $168.60 million for the quarter, compared to analyst estimates of $167.66 million. LegalZoom.com had a net margin of 3.61% and a return on equity of 32.88%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. Sell-side analysts forecast that LegalZoom.com will post 0.25 EPS for the current year.

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.