LegalZoom.com, Inc. (NASDAQ:LZ) Given Average Rating of “Hold” by Brokerages

Shares of LegalZoom.com, Inc. (NASDAQ:LZ) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.50.

LZ has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on LegalZoom.com from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Barclays raised their price target on LegalZoom.com from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded LegalZoom.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Citigroup decreased their price objective on LegalZoom.com from $12.00 to $10.50 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LegalZoom.com in a research report on Monday, December 8th.

Insider Transactions at LegalZoom.com

In other news, CFO Noel Bertram Watson sold 15,000 shares of LegalZoom.com stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $9.56, for a total transaction of $143,400.00. Following the completion of the sale, the chief financial officer directly owned 1,551,582 shares in the company, valued at $14,833,123.92. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicole Miller sold 23,506 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $9.63, for a total transaction of $226,362.78. Following the transaction, the insider directly owned 868,627 shares in the company, valued at $8,364,878.01. The trade was a 2.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On LegalZoom.com

Institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC purchased a new position in LegalZoom.com during the third quarter worth approximately $34,000. Quantbot Technologies LP acquired a new stake in shares of LegalZoom.com during the 1st quarter worth $29,000. Parkside Financial Bank & Trust acquired a new stake in shares of LegalZoom.com during the 3rd quarter worth $40,000. Clearstead Advisors LLC raised its position in shares of LegalZoom.com by 58.5% in the 3rd quarter. Clearstead Advisors LLC now owns 3,906 shares of the company’s stock worth $41,000 after buying an additional 1,441 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in LegalZoom.com by 477.3% in the second quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock valued at $41,000 after acquiring an additional 3,766 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

LegalZoom.com Trading Up 1.5%

Shares of NASDAQ LZ opened at $10.07 on Monday. The company’s 50-day moving average price is $9.84 and its 200 day moving average price is $9.76. LegalZoom.com has a 52 week low of $6.47 and a 52 week high of $12.40. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 83.92, a PEG ratio of 3.74 and a beta of 1.23.

LegalZoom.com (NASDAQ:LZ) last announced its 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). The business had revenue of $190.16 million for the quarter, compared to analyst estimates of $183.27 million. LegalZoom.com had a return on equity of 9.91% and a net margin of 3.05%.The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. As a group, research analysts expect that LegalZoom.com will post 0.25 earnings per share for the current year.

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.