LegalZoom.com, Inc. $LZ Shares Acquired by Swiss National Bank

Swiss National Bank raised its position in LegalZoom.com, Inc. (NASDAQ:LZ) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,900 shares of the company’s stock after purchasing an additional 11,000 shares during the quarter. Swiss National Bank owned 0.11% of LegalZoom.com worth $1,730,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ararat Capital Management LP boosted its stake in LegalZoom.com by 26.6% in the fourth quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company’s stock valued at $24,396,000 after acquiring an additional 682,678 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in LegalZoom.com by 30.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,020,431 shares of the company’s stock valued at $15,173,000 after purchasing an additional 471,338 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of LegalZoom.com by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,396,523 shares of the company’s stock worth $10,489,000 after acquiring an additional 32,075 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of LegalZoom.com by 297.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company’s stock worth $8,799,000 after purchasing an additional 877,125 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of LegalZoom.com by 71.8% during the 1st quarter. Deutsche Bank AG now owns 778,491 shares of the company’s stock worth $6,703,000 after acquiring an additional 325,310 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LegalZoom.com

In other LegalZoom.com news, Director John Francis Murphy sold 24,250 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total transaction of $256,322.50. Following the transaction, the director owned 69,953 shares in the company, valued at $739,403.21. This trade represents a 25.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Miller sold 25,154 shares of LegalZoom.com stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total value of $272,166.28. Following the sale, the insider directly owned 960,032 shares of the company’s stock, valued at $10,387,546.24. This represents a 2.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,404 shares of company stock worth $690,639 over the last quarter. Company insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

LZ has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of LegalZoom.com from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Monday, May 19th. 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. Barclays increased their price target on LegalZoom.com from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of LegalZoom.com from a “buy” rating to a “strong-buy” rating in a report on Friday, May 30th. Finally, JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.92.

LegalZoom.com Price Performance

Shares of LZ opened at $10.98 on Monday. The firm has a 50-day moving average of $9.27 and a 200-day moving average of $8.90. The company has a market cap of $1.98 billion, a PE ratio of 68.63, a price-to-earnings-growth ratio of 2.51 and a beta of 1.23. LegalZoom.com, Inc. has a one year low of $6.16 and a one year high of $11.93.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $192.51 million during the quarter, compared to analysts’ expectations of $182.49 million. LegalZoom.com had a return on equity of 20.36% and a net margin of 4.07%.The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

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.