LegalZoom.com (NASDAQ:LZ) Lowered to Buy Rating by Wall Street Zen

LegalZoom.com (NASDAQ:LZ) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

LZ has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Weiss Ratings restated a “hold (c-)” rating on shares of LegalZoom.com in a research note on Wednesday, October 8th. Bank of America upgraded LegalZoom.com from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $8.00 to $12.00 in a research note on Friday, August 8th. Barclays upped their price objective 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. Finally, Citigroup upped their price objective on LegalZoom.com from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, LegalZoom.com has a consensus rating of “Hold” and a consensus price target of $10.83.

LegalZoom.com Trading Up 0.3%

LZ opened at $9.97 on Friday. LegalZoom.com has a 12-month low of $6.47 and a 12-month high of $11.93. The business’s fifty day simple moving average is $10.46 and its 200-day simple moving average is $9.43. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 62.32, a PEG ratio of 3.05 and a beta of 1.23.

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

Insider Activity at LegalZoom.com

In related news, insider Nicole Miller sold 25,154 shares of the business’s 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 owned 960,032 shares in the company, valued at approximately $10,387,546.24. The trade was a 2.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Noel Bertram Watson sold 27,319 shares of the business’s 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 in the company, valued at $18,558,035.82. This represents a 1.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 109,859 shares of company stock worth $1,193,100. 5.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LegalZoom.com

Several institutional investors and hedge funds have recently modified their holdings of LZ. Quantbot Technologies LP acquired a new position in LegalZoom.com during the 1st quarter worth $29,000. Exchange Traded Concepts LLC acquired a new position in LegalZoom.com during the 3rd quarter worth $34,000. Parkside Financial Bank & Trust acquired a new position in LegalZoom.com during the 3rd quarter worth $40,000. Osaic Holdings Inc. grew its stake in LegalZoom.com by 477.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock worth $41,000 after purchasing an additional 3,766 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in LegalZoom.com by 976.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock worth $41,000 after purchasing an additional 4,140 shares in the last quarter. Hedge funds and other institutional investors own 81.99% 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.