Invesco Ltd. Sells 1,757 Shares of LegalZoom.com, Inc. (NASDAQ:LZ)

Invesco Ltd. lessened its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,568 shares of the company’s stock after selling 1,757 shares during the period. Invesco Ltd. owned 0.07% of LegalZoom.com worth $905,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP bought a new stake in shares of LegalZoom.com during the fourth quarter worth $76,000. Olympiad Research LP bought a new position in LegalZoom.com in the 4th quarter worth about $78,000. Sei Investments Co. bought a new position in LegalZoom.com in the 4th quarter worth about $83,000. Cibc World Markets Corp purchased a new position in shares of LegalZoom.com during the fourth quarter worth approximately $90,000. Finally, Lexington Partners L.P. bought a new stake in shares of LegalZoom.com during the fourth quarter valued at approximately $103,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

LegalZoom.com Trading Down 0.1 %

Shares of LZ stock opened at $7.31 on Friday. The company has a market cap of $1.29 billion, a PE ratio of 56.24, a PEG ratio of 1.73 and a beta of 1.13. LegalZoom.com, Inc. has a 12-month low of $5.33 and a 12-month high of $12.30. The business’s fifty day simple moving average is $8.41 and its 200-day simple moving average is $8.19.

Analysts Set New Price Targets

LZ has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on LegalZoom.com from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research note on Friday, April 11th. Morgan Stanley lowered their price objective on shares of LegalZoom.com from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. William Blair reissued a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, February 27th. Finally, Barclays upped their price target on shares of LegalZoom.com from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.06.

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.