Russell Investments Group Ltd. Acquires 77,223 Shares of LegalZoom.com, Inc. $LZ

Russell Investments Group Ltd. raised its holdings in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 70.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,332 shares of the company’s stock after purchasing an additional 77,223 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of LegalZoom.com worth $1,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LZ. Nuveen LLC bought a new stake in LegalZoom.com during the 1st quarter valued at $18,585,000. Nuveen Asset Management LLC increased its stake in LegalZoom.com by 297.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,171,584 shares of the company’s stock valued at $8,799,000 after purchasing an additional 877,125 shares in the last quarter. Ararat Capital Management LP increased its stake in LegalZoom.com by 26.6% during the 4th quarter. Ararat Capital Management LP now owns 3,248,482 shares of the company’s stock valued at $24,396,000 after purchasing an additional 682,678 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in LegalZoom.com during the 1st quarter valued at $4,157,000. Finally, Jacobs Levy Equity Management Inc. increased 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 in the last quarter. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of NASDAQ:LZ opened at $11.18 on Thursday. The company’s 50-day moving average is $9.42 and its 200 day moving average is $8.94. The company has a market capitalization of $2.02 billion, a P/E ratio of 69.88, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23. LegalZoom.com, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $11.93.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $192.51 million for the quarter, compared to the consensus estimate of $182.49 million. LegalZoom.com had a net margin of 4.07% and a return on equity of 20.36%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays boosted their price target on shares of 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 raised shares of LegalZoom.com from a “buy” rating to a “strong-buy” rating in a report on Friday, May 30th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a report on Thursday, May 15th. Morgan Stanley lifted their price objective on shares of LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of LegalZoom.com from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.50.

Insider Buying and Selling

In related news, insider Nicole Miller sold 25,154 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $10.82, for a total value of $272,166.28. Following the transaction, the insider directly owned 960,032 shares of the company’s stock, valued at approximately $10,387,546.24. The trade was a 2.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Francis Murphy sold 24,250 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total transaction of $256,322.50. Following the completion of the transaction, the director directly owned 69,953 shares in the company, valued at $739,403.21. This trade represents a 25.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,859 shares of company stock valued at $1,193,100. 5.90% of the stock is owned by insiders.

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.