LegalZoom.com (NASDAQ:LZ) Price Target Lowered to $11.00 at JPMorgan Chase & Co.

LegalZoom.com (NASDAQ:LZ) had its price objective reduced by JPMorgan Chase & Co. from $14.00 to $11.00 in a research note released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms have also commented on LZ. 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. Weiss Ratings restated a “hold (c)” rating on shares of LegalZoom.com in a report on Monday, December 29th. Morgan Stanley lifted their target price on LegalZoom.com from $8.50 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, November 13th. Zacks Research cut shares of LegalZoom.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, William Blair raised shares of LegalZoom.com from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.90.

LegalZoom.com Stock Performance

Shares of LZ stock opened at $6.97 on Wednesday. The firm has a market cap of $1.24 billion, a P/E ratio of 58.09, a P/E/G ratio of 1.16 and a beta of 1.22. The firm’s 50 day moving average price is $9.11 and its 200-day moving average price is $9.80. LegalZoom.com has a one year low of $6.47 and a one year high of $12.40.

Institutional Trading of LegalZoom.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in shares of LegalZoom.com during the third quarter worth approximately $34,000. Parkside Financial Bank & Trust acquired a new stake in LegalZoom.com during the 3rd quarter worth $40,000. Clearstead Advisors LLC grew its position in LegalZoom.com by 58.5% during the 3rd quarter. Clearstead Advisors LLC now owns 3,906 shares of the company’s stock worth $41,000 after purchasing an additional 1,441 shares during the last quarter. Osaic Holdings Inc. grew its position in LegalZoom.com by 477.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,555 shares of the company’s stock worth $41,000 after purchasing an additional 3,766 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in LegalZoom.com by 976.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,564 shares of the company’s stock valued at $41,000 after purchasing an additional 4,140 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

LegalZoom.com Company Profile

LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.

Founded in 2001 by entrepreneurs Brian Lee, Brian P.