Citigroup Issues Pessimistic Forecast for LegalZoom.com (NASDAQ:LZ) Stock Price

LegalZoom.com (NASDAQ:LZ) had its price objective reduced by research analysts at Citigroup from $12.00 to $10.50 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 15.38% from the company’s previous close.

Other analysts have also recently issued reports about the company. Wall Street Zen cut LegalZoom.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. raised their target price on LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, September 8th. William Blair upgraded shares of LegalZoom.com from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 6th. Bank of America upgraded shares of LegalZoom.com from an “underperform” rating to a “buy” rating and increased their price target for the company from $8.00 to $12.00 in a report on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LegalZoom.com in a research note on Monday, November 17th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.08.

LegalZoom.com Stock Performance

Shares of LegalZoom.com stock opened at $9.10 on Friday. LegalZoom.com has a one year low of $6.47 and a one year high of $12.40. The company has a market cap of $1.61 billion, a P/E ratio of 75.84, a PEG ratio of 3.38 and a beta of 1.23. The firm has a fifty day moving average of $10.19 and a two-hundred day moving average of $9.73.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). LegalZoom.com had a return on equity of 9.91% and a net margin of 3.05%.The firm had revenue of $190.16 million for the quarter, compared to analyst estimates of $183.27 million. During the same quarter last year, the firm earned $0.17 earnings per share. The company’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 predict that LegalZoom.com will post 0.25 earnings per share for the current year.

Insider Transactions at LegalZoom.com

In other LegalZoom.com news, insider Nicole Miller sold 23,506 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $9.63, for a total value of $226,362.78. Following the sale, the insider owned 868,627 shares of the company’s stock, valued at $8,364,878.01. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Noel Bertram Watson sold 27,319 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 1,676,426 shares of the company’s stock, valued at approximately $18,558,035.82. This trade represents a 1.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 65,825 shares of company stock valued at $672,184. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of LegalZoom.com

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EP Wealth Advisors LLC boosted its stake in shares of LegalZoom.com by 2.8% during the second quarter. EP Wealth Advisors LLC now owns 41,352 shares of the company’s stock valued at $368,000 after acquiring an additional 1,139 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in LegalZoom.com by 58.5% in the 3rd quarter. Clearstead Advisors LLC now owns 3,906 shares of the company’s stock valued at $41,000 after purchasing an additional 1,441 shares in the last quarter. Prelude Capital Management LLC boosted its stake in shares of LegalZoom.com by 11.6% during the 3rd quarter. Prelude Capital Management LLC now owns 14,185 shares of the company’s stock worth $147,000 after purchasing an additional 1,470 shares during the last quarter. Avory & Company LLC grew its holdings in shares of LegalZoom.com by 0.4% during the third quarter. Avory & Company LLC now owns 376,419 shares of the company’s stock worth $3,907,000 after buying an additional 1,586 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of LegalZoom.com by 2.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 75,394 shares of the company’s stock valued at $783,000 after buying an additional 1,657 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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.