Focus Partners Advisor Solutions LLC Invests $96,000 in LegalZoom.com, Inc. $LZ

Focus Partners Advisor Solutions LLC acquired a new stake in LegalZoom.com, Inc. (NASDAQ:LZ) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,813 shares of the company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its holdings in LegalZoom.com by 6.1% during the 1st quarter. Arizona State Retirement System now owns 29,728 shares of the company’s stock worth $256,000 after purchasing an additional 1,697 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of LegalZoom.com by 3.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,980 shares of the company’s stock worth $646,000 after buying an additional 2,161 shares during the period. Corton Capital Inc. boosted its position in shares of LegalZoom.com by 18.3% during the first quarter. Corton Capital Inc. now owns 20,738 shares of the company’s stock worth $179,000 after buying an additional 3,213 shares during the period. Quantbot Technologies LP bought a new position in shares of LegalZoom.com during the first quarter worth about $29,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in LegalZoom.com by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 275,978 shares of the company’s stock valued at $2,376,000 after buying an additional 4,607 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

LegalZoom.com Trading Up 0.3%

NASDAQ LZ opened at $9.97 on Friday. LegalZoom.com, Inc. has a 12 month low of $6.47 and a 12 month high of $11.93. The stock has a 50 day moving average of $10.46 and a 200-day moving average of $9.44. The company has a market cap of $1.80 billion, a PE ratio of 62.32, a PEG ratio of 3.06 and a beta of 1.23.

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

Insider Transactions at LegalZoom.com

In related news, CFO Noel Bertram Watson sold 27,319 shares of the firm’s stock in a transaction dated 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 directly owned 1,676,426 shares in the company, valued at approximately $18,558,035.82. This trade represents a 1.60% decrease in their position. The sale 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 dated Tuesday, August 12th. The stock was sold at an average price of $10.57, for a total value of $256,322.50. Following the transaction, the director owned 69,953 shares of the company’s stock, valued at $739,403.21. The trade was a 25.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 109,859 shares of company stock worth $1,193,100 in the last ninety days. Insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of LegalZoom.com in a research note on Wednesday, October 8th. Barclays lifted their price objective on shares of LegalZoom.com from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Citigroup increased their target price 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 target price on shares of LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Finally, Bank of America upgraded shares of LegalZoom.com from an “underperform” rating to a “buy” rating and lifted their price target for the company from $8.00 to $12.00 in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.83.

LegalZoom.com 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.