LegalZoom.com, Inc. (NASDAQ:LZ) Shares Sold by Ieq Capital LLC

Ieq Capital LLC reduced its position in LegalZoom.com, Inc. (NASDAQ:LZFree Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,208 shares of the company’s stock after selling 1,749 shares during the period. Ieq Capital LLC’s holdings in LegalZoom.com were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in LegalZoom.com in the 4th quarter worth $295,000. Versor Investments LP purchased a new stake in LegalZoom.com in the 4th quarter worth $661,000. Charles Schwab Investment Management Inc. increased its holdings in LegalZoom.com by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,047,140 shares of the company’s stock worth $11,833,000 after acquiring an additional 138,702 shares in the last quarter. M&T Bank Corp increased its holdings in LegalZoom.com by 58.3% in the 4th quarter. M&T Bank Corp now owns 186,426 shares of the company’s stock worth $2,107,000 after acquiring an additional 68,633 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in LegalZoom.com by 9.6% in the 4th quarter. Amalgamated Bank now owns 17,055 shares of the company’s stock worth $193,000 after acquiring an additional 1,495 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

LegalZoom.com Trading Down 2.3 %

Shares of LZ opened at $9.75 on Tuesday. LegalZoom.com, Inc. has a 12-month low of $9.02 and a 12-month high of $15.68. The firm has a 50-day moving average price of $12.54 and a 200 day moving average price of $11.51. The firm has a market capitalization of $1.83 billion, a P/E ratio of 88.64, a P/E/G ratio of 3.26 and a beta of 1.24.

LegalZoom.com (NASDAQ:LZGet Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $158.66 million during the quarter, compared to analyst estimates of $156.25 million. LegalZoom.com had a net margin of 3.15% and a return on equity of 19.47%. Equities research analysts predict that LegalZoom.com, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at LegalZoom.com

In other LegalZoom.com news, EVP Nicole Miller sold 16,536 shares of LegalZoom.com stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $10.64, for a total value of $175,943.04. Following the completion of the transaction, the executive vice president now directly owns 233,198 shares of the company’s stock, valued at approximately $2,481,226.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Richard Preece sold 9,462 shares of the company’s stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicole Miller sold 16,536 shares of LegalZoom.com stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $10.64, for a total value of $175,943.04. Following the sale, the executive vice president now directly owns 233,198 shares of the company’s stock, valued at $2,481,226.72. The disclosure for this sale can be found here. Insiders have sold a total of 60,555 shares of company stock valued at $664,688 over the last quarter. 10.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. JPMorgan Chase & Co. upped their target price on shares of LegalZoom.com from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Raymond James assumed coverage on shares of LegalZoom.com in a report on Wednesday, March 27th. They set a “market perform” rating for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $14.00 target price on shares of LegalZoom.com in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.75.

View Our Latest Stock Analysis on LZ

LegalZoom.com Profile

(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.

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Institutional Ownership by Quarter for LegalZoom.com (NASDAQ:LZ)

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