LegalZoom.com (LZ) to Release Quarterly Earnings on Thursday

LegalZoom.com (NASDAQ:LZGet Rating) will release its earnings data after the market closes on Thursday, May 12th. Analysts expect LegalZoom.com to post earnings of ($0.10) per share for the quarter. LegalZoom.com has set its FY 2022 guidance at EPS and its Q1 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

LegalZoom.com (NASDAQ:LZGet Rating) last announced its earnings results on Thursday, March 10th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $142.14 million for the quarter, compared to analyst estimates of $143.70 million. The business’s revenue was up 16.3% compared to the same quarter last year. On average, analysts expect LegalZoom.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of LegalZoom.com stock opened at $15.45 on Thursday. The firm’s fifty day simple moving average is $14.31 and its 200-day simple moving average is $17.06. LegalZoom.com has a 12 month low of $11.05 and a 12 month high of $40.94.

In other news, COO Richard Preece sold 4,461 shares of LegalZoom.com stock in a transaction on Friday, February 18th. The stock was sold at an average price of $16.00, for a total transaction of $71,376.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shrisha Radhakrishna sold 13,842 shares of LegalZoom.com stock in a transaction on Friday, February 18th. The stock was sold at an average price of $16.00, for a total value of $221,472.00. The disclosure for this sale can be found here. Insiders have sold a total of 59,673 shares of company stock worth $927,946 over the last 90 days.

Several large investors have recently added to or reduced their stakes in LZ. Morgan Stanley acquired a new position in shares of LegalZoom.com during the 2nd quarter worth $876,000. Invesco Ltd. acquired a new position in LegalZoom.com in the 3rd quarter valued at about $460,000. Royal Bank of Canada acquired a new position in LegalZoom.com in the 3rd quarter valued at about $73,000. Bank of New York Mellon Corp acquired a new position in LegalZoom.com in the 3rd quarter valued at about $649,000. Finally, Bank of America Corp DE raised its stake in LegalZoom.com by 6,684.0% in the 4th quarter. Bank of America Corp DE now owns 32,631 shares of the company’s stock valued at $524,000 after purchasing an additional 32,150 shares during the last quarter. 51.19% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on LZ. JMP Securities reaffirmed a “buy” rating and issued a $31.00 target price on shares of LegalZoom.com in a report on Thursday, March 24th. Barclays lowered their price objective on shares of LegalZoom.com from $32.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, March 11th. Zacks Investment Research upgraded shares of LegalZoom.com from a “sell” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group lowered their price objective on shares of LegalZoom.com from $24.00 to $17.00 in a research report on Thursday, January 6th. Finally, Credit Suisse Group lowered their price objective on shares of LegalZoom.com from $40.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, March 11th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $26.25.

About LegalZoom.com (Get Rating)

LegalZoom.com, Inc operates an online platform for legal and compliance solutions in the United States. The company's platform offers products and services, including business formations, creating estate planning documents, protecting intellectual property, completing certain forms and agreements, providing access to independent attorney advice, and connecting customers with experts for tax preparation and bookkeeping services.

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