LegalZoom.com (LZ) Expected to Announce Quarterly Earnings on Wednesday

LegalZoom.com (NASDAQ:LZ) is expected to be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $160.67 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

LegalZoom.com Price Performance

NASDAQ LZ opened at $8.91 on Tuesday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 68.54, a PEG ratio of 1.73 and a beta of 1.13. LegalZoom.com has a one year low of $5.33 and a one year high of $13.74. The business’s fifty day moving average is $8.40 and its 200-day moving average is $7.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LZ shares. Citigroup lifted their target price on LegalZoom.com from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on LegalZoom.com from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley boosted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. 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 report on Monday, November 11th. Finally, UBS Group began coverage on LegalZoom.com in a research report on Friday, December 6th. They set a “neutral” rating and a $9.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.06.

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.