Campbell & CO Investment Adviser LLC Invests $247,000 in LegalZoom.com, Inc. $LZ

Campbell & CO Investment Adviser LLC purchased a new stake in LegalZoom.com, Inc. (NASDAQ:LZ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,754 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LZ. Quantbot Technologies LP acquired a new stake in LegalZoom.com during the 1st quarter valued at $29,000. Jefferies Financial Group Inc. purchased a new position in shares of LegalZoom.com during the first quarter valued at $91,000. Focus Partners Advisor Solutions LLC acquired a new position in LegalZoom.com during the second quarter valued at $96,000. Bryce Point Capital LLC purchased a new stake in LegalZoom.com in the 1st quarter worth about $103,000. Finally, Versor Investments LP acquired a new stake in LegalZoom.com during the 2nd quarter worth about $109,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at LegalZoom.com

In other news, CFO Noel Bertram Watson sold 27,319 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.07, for a total transaction 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. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.90% of the stock is currently owned by corporate insiders.

LegalZoom.com Stock Down 2.9%

Shares of LZ stock opened at $9.72 on Tuesday. The company has a market cap of $1.72 billion, a PE ratio of 81.01, a price-to-earnings-growth ratio of 3.50 and a beta of 1.23. LegalZoom.com, Inc. has a 12 month low of $6.47 and a 12 month high of $12.40. The business’s 50 day moving average is $10.29 and its two-hundred day moving average is $9.70.

LegalZoom.com (NASDAQ:LZ) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). LegalZoom.com had a net margin of 3.05% and a return on equity of 9.91%. The business had revenue of $190.16 million during the quarter, compared to the consensus estimate of $183.27 million. During the same period in the prior year, the company posted $0.17 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. LegalZoom.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that LegalZoom.com, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bank of America upgraded LegalZoom.com from an “underperform” rating to a “buy” rating and upped their target price for the company from $8.00 to $12.00 in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LegalZoom.com in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of LegalZoom.com from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Wall Street Zen lowered shares of LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Morgan Stanley upped their price target on shares of LegalZoom.com from $8.50 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, November 13th. Three 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’s stock. According to MarketBeat, LegalZoom.com has a consensus rating of “Hold” and an average target price of $11.33.

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.