Whittier Trust Co. Invests $114,000 in LegalZoom.com, Inc. (NASDAQ:LZ)

Whittier Trust Co. acquired a new position in LegalZoom.com, Inc. (NASDAQ:LZGet Rating) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 8,122 shares of the company’s stock, valued at approximately $114,000.

Several other large investors have also recently modified their holdings of LZ. Covestor Ltd purchased a new position in shares of LegalZoom.com in the fourth quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of LegalZoom.com in the first quarter worth about $27,000. FourThought Financial LLC purchased a new position in shares of LegalZoom.com in the first quarter worth about $66,000. Victory Capital Management Inc. purchased a new position in shares of LegalZoom.com in the fourth quarter worth about $189,000. Finally, Gladius Capital Management LP purchased a new position in shares of LegalZoom.com in the fourth quarter worth about $225,000. Hedge funds and other institutional investors own 51.19% of the company’s stock.

LegalZoom.com Stock Performance

LegalZoom.com stock opened at $10.32 on Friday. The stock’s 50 day simple moving average is $11.84 and its two-hundred day simple moving average is $13.69. The stock has a market cap of $2.05 billion and a price-to-earnings ratio of -13.40. LegalZoom.com, Inc. has a fifty-two week low of $9.51 and a fifty-two week high of $40.71.

LegalZoom.com (NASDAQ:LZGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The firm had revenue of $154.21 million for the quarter, compared to the consensus estimate of $150.66 million. LegalZoom.com had a negative net margin of 21.77% and a negative return on equity of 1,446.94%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, analysts predict that LegalZoom.com, Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on LZ shares. Citigroup upgraded LegalZoom.com from a “neutral” rating to a “buy” rating and boosted their price target for the company from $19.00 to $20.00 in a report on Wednesday, April 20th. Morgan Stanley reduced their price target on LegalZoom.com from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, LegalZoom.com presently has an average rating of “Moderate Buy” and a consensus target price of $25.75.

LegalZoom.com Company Profile

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

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