LegalZoom.com, Inc. (NASDAQ:LZ) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 72,819 shares of the company’s stock after selling 3,030 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in LegalZoom.com were worth $547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LZ. Aigen Investment Management LP acquired a new position in LegalZoom.com during the fourth quarter valued at $76,000. Olympiad Research LP acquired a new position in LegalZoom.com during the fourth quarter valued at $78,000. Quantessence Capital LLC acquired a new position in LegalZoom.com during the fourth quarter valued at $78,000. Sei Investments Co. acquired a new position in LegalZoom.com during the fourth quarter valued at $83,000. Finally, Cibc World Markets Corp acquired a new position in LegalZoom.com during the fourth quarter valued at $90,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analysts Set New Price Targets

LZ has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of LegalZoom.com from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Thursday, May 15th. William Blair reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Thursday, February 27th. Barclays lifted their price objective on shares of LegalZoom.com from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, Morgan Stanley lifted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $8.64.

LegalZoom.com Stock Performance

Shares of LZ stock opened at $9.49 on Thursday. The firm has a market cap of $1.72 billion, a P/E ratio of 73.01, a P/E/G ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $10.60. The firm’s 50 day moving average price is $8.17 and its 200-day moving average price is $8.40.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $183.11 million for the quarter, compared to analyst estimates of $176.17 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. As a group, research analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

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.