LegalZoom.com, Inc. (NASDAQ:LZ) Given Consensus Rating of “Hold” by Analysts

Shares of LegalZoom.com, Inc. (NASDAQ:LZGet Free Report) have been given an average rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $14.36.

LZ has been the subject of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $14.00 price objective on shares of LegalZoom.com in a research report on Wednesday, March 13th. Raymond James initiated coverage on shares of LegalZoom.com in a research report on Wednesday, March 27th. They set a “market perform” rating for the company. Barclays lowered their price objective on shares of LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of LegalZoom.com from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd.

View Our Latest Analysis on LZ

LegalZoom.com Trading Down 2.2 %

Shares of LegalZoom.com stock opened at $13.08 on Friday. The company has a 50 day moving average of $11.90 and a 200-day moving average of $11.20. LegalZoom.com has a 1-year low of $6.89 and a 1-year high of $15.68. The company has a market cap of $2.46 billion, a PE ratio of 163.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. LegalZoom.com had a net margin of 2.11% and a return on equity of 15.79%. The company had revenue of $158.66 million during the quarter, compared to the consensus estimate of $156.25 million. Research analysts forecast that LegalZoom.com will post 0.3 earnings per share for the current year.

Insider Transactions at LegalZoom.com

In other news, EVP Nicole Miller sold 24,557 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $9.75, for a total transaction of $239,430.75. Following the completion of the sale, the executive vice president now directly owns 208,641 shares in the company, valued at $2,034,249.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, COO Richard Preece sold 9,462 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $13.17, for a total transaction of $124,614.54. Following the completion of the sale, the chief operating officer now directly owns 498,519 shares in the company, valued at $6,565,495.23. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Nicole Miller sold 24,557 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $9.75, for a total transaction of $239,430.75. Following the transaction, the executive vice president now directly owns 208,641 shares in the company, valued at $2,034,249.75. The disclosure for this sale can be found here. Insiders sold a total of 60,555 shares of company stock worth $664,688 over the last three months. 44.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LZ. Bank of New York Mellon Corp boosted its stake in LegalZoom.com by 487.3% during the first quarter. Bank of New York Mellon Corp now owns 212,751 shares of the company’s stock worth $3,007,000 after acquiring an additional 176,523 shares in the last quarter. Citigroup Inc. boosted its stake in LegalZoom.com by 669.6% during the first quarter. Citigroup Inc. now owns 8,519 shares of the company’s stock worth $120,000 after acquiring an additional 7,412 shares in the last quarter. MetLife Investment Management LLC bought a new position in LegalZoom.com during the first quarter worth $63,000. Rhumbline Advisers boosted its stake in LegalZoom.com by 232.6% during the first quarter. Rhumbline Advisers now owns 56,063 shares of the company’s stock worth $793,000 after acquiring an additional 39,209 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in LegalZoom.com by 50.6% during the first quarter. BlackRock Inc. now owns 5,491,412 shares of the company’s stock worth $77,649,000 after acquiring an additional 1,843,874 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

LegalZoom.com Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for LegalZoom.com (NASDAQ:LZ)

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