Teacher Retirement System of Texas Buys Shares of 17,048 LegalZoom.com, Inc. (NASDAQ:LZ)

Teacher Retirement System of Texas purchased a new stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,048 shares of the company’s stock, valued at approximately $147,000.

Other large investors have also added to or reduced their stakes in the company. State of Wyoming increased its holdings in LegalZoom.com by 42.1% in the 4th quarter. State of Wyoming now owns 8,347 shares of the company’s stock valued at $63,000 after acquiring an additional 2,475 shares during the last quarter. GAMMA Investing LLC boosted its position in LegalZoom.com by 2,750.6% in the 1st quarter. GAMMA Investing LLC now owns 9,635 shares of the company’s stock valued at $83,000 after buying an additional 9,297 shares during the period. Quantessence Capital LLC purchased a new stake in shares of LegalZoom.com in the 4th quarter worth approximately $78,000. Sei Investments Co. purchased a new stake in shares of LegalZoom.com in the 4th quarter worth approximately $83,000. Finally, Cibc World Markets Corp purchased a new stake in LegalZoom.com during the fourth quarter valued at approximately $90,000. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

LZ stock opened at $8.85 on Monday. The stock has a market cap of $1.60 billion, a P/E ratio of 52.06, a P/E/G ratio of 3.77 and a beta of 1.23. The firm has a 50 day simple moving average of $9.06 and a 200 day simple moving average of $8.67. LegalZoom.com, Inc. has a 52 week low of $5.56 and a 52 week high of $10.60.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $183.11 million during the quarter, compared to analysts’ expectations of $176.17 million. LegalZoom.com had a net margin of 4.39% and a return on equity of 28.00%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. Sell-side analysts predict that LegalZoom.com, Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

LZ has been the topic of a number of research reports. Wall Street Zen upgraded shares of LegalZoom.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 30th. Morgan Stanley raised their price target on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. lifted their target price on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Monday, May 19th. Finally, JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.08.

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.