LegalZoom.com, Inc. (NASDAQ:LZ) Given Average Recommendation of “Hold” by Brokerages

LegalZoom.com, Inc. (NASDAQ:LZ) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $14.36.

Several equities research analysts have issued reports on LZ shares. JPMorgan Chase & Co. boosted their price objective on shares of LegalZoom.com from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. JMP Securities restated a “market outperform” rating and issued a $14.00 target price on shares of LegalZoom.com in a research note on Friday, April 12th. Barclays decreased their target price on shares of LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Finally, Raymond James began coverage on shares of LegalZoom.com in a research note on Wednesday, March 27th. They issued a “market perform” rating for the company.

Insiders Place Their Bets

In other LegalZoom.com news, EVP Nicole Miller sold 16,536 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $10.64, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John Francis Murphy sold 10,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the sale, the director now owns 40,507 shares of the company’s stock, valued at approximately $505,122.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nicole Miller sold 16,536 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $10.64, for a total transaction of $175,943.04. Following the completion of the sale, the executive vice president now directly owns 233,198 shares in the company, valued at approximately $2,481,226.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,555 shares of company stock valued at $664,688. Company insiders own 44.60% of the company’s stock.

Institutional Trading of LegalZoom.com

A number of large investors have recently modified their holdings of LZ. Amalgamated Bank increased its stake in LegalZoom.com by 9.6% during the 4th quarter. Amalgamated Bank now owns 17,055 shares of the company’s stock valued at $193,000 after buying an additional 1,495 shares during the period. Brighton Jones LLC lifted its stake in LegalZoom.com by 7.9% in the third quarter. Brighton Jones LLC now owns 24,382 shares of the company’s stock valued at $267,000 after acquiring an additional 1,788 shares during the last quarter. Swiss National Bank lifted its stake in LegalZoom.com by 1.1% in the third quarter. Swiss National Bank now owns 168,100 shares of the company’s stock valued at $1,839,000 after acquiring an additional 1,900 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of LegalZoom.com by 116.4% in the third quarter. Parkside Financial Bank & Trust now owns 3,722 shares of the company’s stock worth $41,000 after buying an additional 2,002 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of LegalZoom.com in the third quarter worth $31,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of LZ stock opened at $12.17 on Wednesday. LegalZoom.com has a one year low of $6.89 and a one year high of $15.68. The company has a 50 day moving average price of $12.46 and a 200 day moving average price of $11.40. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 152.14, a price-to-earnings-growth ratio of 4.11 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, equities analysts forecast that LegalZoom.com will post 0.3 EPS for the current fiscal year.

About LegalZoom.com

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.