Strs Ohio Purchases 5,100 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Strs Ohio lifted its position in LegalZoom.com, Inc. (NASDAQ:LZ) by 8.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 68,000 shares of the company’s stock after acquiring an additional 5,100 shares during the period. Strs Ohio’s holdings in LegalZoom.com were worth $768,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in LegalZoom.com in the 3rd quarter worth about $31,000. Parkside Financial Bank & Trust increased its stake in LegalZoom.com by 116.4% in the 3rd 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 period. Robeco Institutional Asset Management B.V. purchased a new position in LegalZoom.com in the 3rd quarter worth about $56,000. New York State Teachers Retirement System increased its stake in LegalZoom.com by 686.8% in the 4th quarter. New York State Teachers Retirement System now owns 10,606 shares of the company’s stock worth $120,000 after buying an additional 9,258 shares during the period. Finally, Raymond James & Associates purchased a new position in LegalZoom.com in the 4th quarter worth about $170,000. Institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of LegalZoom.com in a research note on Friday, April 12th. JPMorgan Chase & Co. raised their price target 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. Raymond James began coverage on shares of LegalZoom.com in a research report on Wednesday, March 27th. They set a “market perform” rating on the stock. Finally, Barclays cut their target price on shares of LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, LegalZoom.com has an average rating of “Hold” and a consensus price target of $14.36.

LegalZoom.com Stock Up 1.1 %

Shares of LegalZoom.com stock opened at $12.30 on Thursday. The firm’s 50 day moving average price is $12.50 and its 200-day moving average price is $11.41. LegalZoom.com, Inc. has a 52-week low of $6.89 and a 52-week high of $15.68. The company has a market cap of $2.31 billion, a P/E ratio of 153.77, a PEG ratio of 4.24 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. LegalZoom.com had a net margin of 2.11% and a return on equity of 15.79%. The firm had revenue of $158.66 million for the quarter, compared to the consensus estimate of $156.25 million. As a group, equities research analysts forecast that LegalZoom.com, Inc. will post 0.3 EPS for the current fiscal year.

Insider Transactions at LegalZoom.com

In related news, COO Richard Preece sold 9,462 shares of LegalZoom.com stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $13.17, for a total value of $124,614.54. Following the completion of the sale, the chief operating officer now directly owns 498,519 shares in the company, valued at approximately $6,565,495.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Nicole Miller sold 24,557 shares of LegalZoom.com stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $9.75, for a total value of $239,430.75. Following the completion of the sale, the executive vice president now directly owns 208,641 shares in the company, valued at approximately $2,034,249.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Richard Preece sold 9,462 shares of LegalZoom.com stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $13.17, for a total transaction of $124,614.54. Following the completion of the sale, the chief operating officer now owns 498,519 shares of the company’s stock, valued at $6,565,495.23. 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 in the last 90 days. Insiders own 44.60% of the company’s stock.

LegalZoom.com 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.