Northern Trust Corp Buys 19,703 Shares of LegalZoom.com, Inc. $LZ

Northern Trust Corp increased its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,188,672 shares of the company’s stock after acquiring an additional 19,703 shares during the period. Northern Trust Corp owned about 0.68% of LegalZoom.com worth $10,234,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LZ. State of Wyoming raised its holdings in LegalZoom.com by 42.1% during the fourth quarter. State of Wyoming now owns 8,347 shares of the company’s stock worth $63,000 after acquiring an additional 2,475 shares in the last quarter. GAMMA Investing LLC raised its holdings in LegalZoom.com by 2,750.6% during the first quarter. GAMMA Investing LLC now owns 9,635 shares of the company’s stock worth $83,000 after acquiring an additional 9,297 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in LegalZoom.com during the first quarter worth about $91,000. Bryce Point Capital LLC bought a new stake in LegalZoom.com during the first quarter worth about $103,000. Finally, Merit Financial Group LLC bought a new stake in LegalZoom.com during the first quarter worth about $116,000. Institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Down 4.9%

NASDAQ LZ opened at $10.32 on Friday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 64.50, a PEG ratio of 2.48 and a beta of 1.25. LegalZoom.com, Inc. has a twelve month low of $6.16 and a twelve month high of $11.93. The stock has a fifty day simple moving average of $9.73 and a 200 day simple moving average of $9.02.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley upped their target price on LegalZoom.com from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. Barclays upped their target price on LegalZoom.com from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Wall Street Zen lowered LegalZoom.com from a “strong-buy” rating to a “buy” rating in a report on Friday. JMP Securities reissued a “market perform” rating on shares of LegalZoom.com in a research report on Thursday, May 15th. Finally, Bank of America raised LegalZoom.com from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $8.00 to $12.00 in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, LegalZoom.com has an average rating of “Hold” and a consensus target price of $10.50.

Insider Activity at LegalZoom.com

In related 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 value of $256,322.50. Following the completion of the sale, the director directly owned 69,953 shares in the company, valued at $739,403.21. This represents a 25.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Noel Bertram Watson sold 27,319 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.07, for a total value of $302,421.33. Following the completion of the sale, the chief financial officer owned 1,676,426 shares of the company’s stock, valued at $18,558,035.82. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,859 shares of company stock worth $1,193,100 over the last three months. Company insiders own 5.90% of the company’s stock.

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.