LegalZoom.com (LZ) Set to Announce Earnings on Tuesday

LegalZoom.com (NASDAQ:LZ) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect LegalZoom.com to post earnings of $0.10 per share for the quarter. LegalZoom.com has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

LegalZoom.com (NASDAQ:LZ) last posted its earnings results on Thursday, February 22nd. The company reported $0.06 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 firm had revenue of $158.66 million for the quarter, compared to the consensus estimate of $156.25 million. On average, analysts expect LegalZoom.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

LegalZoom.com Stock Performance

LZ opened at $11.93 on Friday. LegalZoom.com has a twelve month low of $7.05 and a twelve month high of $15.68. The business has a 50 day moving average price of $12.74 and a 200 day moving average price of $11.49. The firm has a market cap of $2.25 billion, a P/E ratio of 149.14, a price-to-earnings-growth ratio of 4.22 and a beta of 1.24.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on LegalZoom.com from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Raymond James began coverage on LegalZoom.com in a research report on Wednesday, March 27th. They issued a “market perform” rating for the company. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 target price on shares of LegalZoom.com in a research report on Friday, April 12th. Finally, Barclays reduced their price target on shares of LegalZoom.com from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.36.

Insider Buying and Selling

In other news, EVP Nicole Miller sold 24,557 shares of LegalZoom.com stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $9.75, for a total transaction of $239,430.75. Following the sale, the executive vice president now directly owns 208,641 shares in the company, valued at approximately $2,034,249.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other LegalZoom.com news, Director John Francis Murphy sold 10,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the sale, the director now directly owns 40,507 shares in the company, valued at $505,122.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicole Miller sold 24,557 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $9.75, for a total value of $239,430.75. Following the transaction, the executive vice president now owns 208,641 shares of the company’s stock, valued at $2,034,249.75. The disclosure for this sale can be found here. Insiders sold a total of 60,555 shares of company stock valued at $664,688 over the last ninety days. 44.60% of the stock is owned by company insiders.

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.