LegalZoom.com (NASDAQ:LZ) Stock Rating Upgraded by Wall Street Zen

LegalZoom.com (NASDAQ:LZ) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

A number of other research analysts also recently weighed in on LZ. JPMorgan Chase & Co. raised their price target on LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of LegalZoom.com in a research note on Saturday, September 27th. Citigroup lifted their target price on LegalZoom.com from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Bank of America upgraded LegalZoom.com from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $8.00 to $12.00 in a research note on Friday, August 8th. Finally, Barclays lifted their target price on LegalZoom.com from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, LegalZoom.com currently has a consensus rating of “Hold” and an average target price of $10.83.

LegalZoom.com Price Performance

LZ stock opened at $10.24 on Friday. The business has a 50 day moving average price of $10.37 and a two-hundred day moving average price of $9.18. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 64.00, a P/E/G ratio of 3.14 and a beta of 1.23. LegalZoom.com has a twelve month low of $6.33 and a twelve month high of $11.93.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The firm 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%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. LegalZoom.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that LegalZoom.com will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nicole Miller sold 25,154 shares of LegalZoom.com stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $10.82, for a total transaction of $272,166.28. Following the completion of the sale, the insider directly owned 960,032 shares of the company’s stock, valued at approximately $10,387,546.24. This trade represents a 2.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Francis Murphy sold 24,250 shares of LegalZoom.com stock in a transaction that occurred 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 sale, the director directly owned 69,953 shares of the company’s stock, valued at approximately $739,403.21. The trade was 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 sold 109,859 shares of company stock valued at $1,193,100. Insiders own 5.90% of the company’s stock.

Institutional Trading of LegalZoom.com

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in LegalZoom.com during the 1st quarter worth approximately $29,000. Osaic Holdings Inc. raised its holdings in LegalZoom.com by 477.3% in the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock valued at $41,000 after acquiring an additional 3,766 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in LegalZoom.com by 976.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock valued at $41,000 after acquiring an additional 4,140 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in LegalZoom.com in the 2nd quarter valued at $78,000. Finally, GAMMA Investing LLC raised its holdings 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 acquiring an additional 9,297 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

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.