Brighton Jones LLC Sells 9,814 Shares of LegalZoom.com, Inc. $LZ

Brighton Jones LLC lowered its stake in shares of LegalZoom.com, Inc. (NASDAQ:LZ) by 39.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,977 shares of the company’s stock after selling 9,814 shares during the quarter. Brighton Jones LLC’s holdings in LegalZoom.com were worth $133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of LegalZoom.com in the first quarter valued at about $29,000. Jefferies Financial Group Inc. purchased a new stake in LegalZoom.com in the 1st quarter valued at about $91,000. Focus Partners Advisor Solutions LLC purchased a new stake in LegalZoom.com in the 2nd quarter valued at about $96,000. Bryce Point Capital LLC purchased a new position in shares of LegalZoom.com in the 1st quarter worth approximately $103,000. Finally, Blueshift Asset Management LLC purchased a new position in shares of LegalZoom.com in the 1st quarter worth approximately $121,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

LegalZoom.com Stock Performance

Shares of LZ opened at $9.97 on Friday. The business has a 50-day moving average of $10.46 and a 200 day moving average of $9.44. LegalZoom.com, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $11.93. The firm has a market cap of $1.80 billion, a P/E ratio of 62.32, a price-to-earnings-growth ratio of 3.06 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last posted its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate 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 net margin of 4.07% and a return on equity of 20.36%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter 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. As a group, research analysts predict that LegalZoom.com, Inc. will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen lowered LegalZoom.com from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LegalZoom.com in a research report on Wednesday, October 8th. Citigroup raised their price objective on shares of LegalZoom.com from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. JPMorgan Chase & Co. raised their price objective on shares of LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, Bank of America upgraded shares of LegalZoom.com from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $8.00 to $12.00 in a report on Friday, August 8th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.83.

Insider Activity at LegalZoom.com

In related news, CFO Noel Bertram Watson sold 27,319 shares of LegalZoom.com stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 1,676,426 shares in the company, valued at approximately $18,558,035.82. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicole Miller sold 25,154 shares of LegalZoom.com stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $10.82, for a total transaction of $272,166.28. Following the completion of the transaction, the insider owned 960,032 shares of the company’s stock, valued at $10,387,546.24. This represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 109,859 shares of company stock worth $1,193,100. Corporate 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.