LegalZoom.com, Inc. (NASDAQ:LZ) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in LegalZoom.com, Inc. (NASDAQ:LZ) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,181 shares of the company’s stock after acquiring an additional 47,125 shares during the quarter. Deutsche Bank AG owned approximately 0.26% of LegalZoom.com worth $3,403,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Aigen Investment Management LP purchased a new position in shares of LegalZoom.com in the 4th quarter valued at about $76,000. Olympiad Research LP purchased a new stake in LegalZoom.com during the fourth quarter worth approximately $78,000. Quantessence Capital LLC purchased a new stake in LegalZoom.com during the fourth quarter worth approximately $78,000. Sei Investments Co. purchased a new stake in LegalZoom.com during the fourth quarter worth approximately $83,000. Finally, Cibc World Markets Corp acquired a new position in LegalZoom.com during the fourth quarter worth approximately $90,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LZ has been the topic of a number of recent research reports. Barclays boosted their target price on LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Morgan Stanley boosted their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, May 9th. JMP Securities reiterated a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, May 15th. JPMorgan Chase & Co. boosted their target price on LegalZoom.com from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, William Blair reiterated a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.64.

LegalZoom.com Stock Up 2.6%

Shares of NASDAQ:LZ opened at $9.71 on Wednesday. LegalZoom.com, Inc. has a 52-week low of $5.33 and a 52-week high of $10.60. The stock’s fifty day simple moving average is $8.18 and its 200-day simple moving average is $8.35. The company has a market capitalization of $1.76 billion, a P/E ratio of 74.70, a P/E/G ratio of 1.73 and a beta of 1.14.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The business had revenue of $183.11 million for the quarter, compared to the consensus estimate of $176.17 million. During the same period in the prior year, the business earned $0.09 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

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.